BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Binance Executive’s Health Declines During Detention in Nigeria Over Financial Crimes

by Matoy
August 26, 2024
in Breaking News, Crypto
A A
1
SHARES
Share on TwitterShare on Reddit
  • Tigran Gambaryan has been detained in Nigeria for six months over alleged financial crimes linked to Binance operations.
  • His family reports worsening health conditions, including severe pain and lack of adequate medical care.
  • Despite legal challenges, Nigeria’s SEC plans to regulate and license cryptocurrency exchanges soon.

Tigran Gambaryan, a Binance executive detained in Nigeria on charges of financial crimes, is reportedly facing severe health issues due to inadequate medical care in detention. Gambaryan has been held for six months under accusations including money laundering, currency speculation, and tax evasion.

Health Concerns Amid Detention

Gambaryan’s health has significantly deteriorated, according to his family. He suffers from a herniated disc and a spinal injury, which have led to mobility issues. Despite his condition requiring him to take blood thinners to prevent blood clots, he has reportedly been denied access to a wheelchair. This has prevented him from attending necessary medical appointments and even visiting the United States embassy for potential support.

The family has also raised concerns about Gambaryan’s access to legal representation, stating that Nigerian authorities prevented his legal team from visiting him for nearly three weeks. Although a brief meeting was eventually granted, it lasted only five minutes, insufficient for meaningful legal consultation.

Legal and Medical Ordeals

Further complicating his detention, Gambaryan has developed severe tonsillitis, attributed to untreated malaria and pneumonia, with doctors recommending surgical removal of his tonsils. However, his ongoing medical needs have been largely unmet within the detention facility.

The situation escalated when the Nigerian government initially invited Gambaryan to a meeting, only to confiscate his passport and later charge him with multiple financial crimes. His family claims that the Nigerian authorities’ refusal to provide necessary medical care or share his medical records with his legal team or the U.S. embassy prompted a judge to issue a bench warrant for the arrest of the prison doctor responsible.

Regulatory Moves Amidst Controversy

Amidst these personal and legal battles, Nigeria’s Securities and Exchange Commission (SEC) is moving forward with plans to regulate and license cryptocurrency exchanges. SEC Director-General Emomotimi Agama expressed optimism about the future of cryptocurrency regulation in Nigeria, suggesting that licensing could occur sooner than anticipated. This regulatory shift comes as Nigeria continues to position itself as a rapidly growing crypto economy despite the ongoing controversies surrounding its treatment of crypto executives like Gambaryan.

Tags: Binance
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window
Crypto

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window

June 17, 2025
Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?
Crypto

Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?

June 17, 2025
Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money
Crypto

Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money

June 17, 2025
Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely
Crypto

Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely

June 17, 2025
Litecoin’s Breakout Setup: Is the Bottom Finally In?
Crypto

Litecoin’s Breakout Setup: Is the Bottom Finally In?

June 17, 2025
BNB Climbs Past $600 and Builds Momentum — Could $960 Be Next?
Binance BNB

BNB Climbs Past $600 and Builds Momentum — Could $960 Be Next?

June 17, 2025
Load More

Related News

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window

TRON Breaks Free: TRX Bulls Eye That $0.30–$0.42 Window

June 17, 2025
Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?

Fartcoin Finds Its Groove in a Choppy Market — Is Another Pump on the Way?

June 17, 2025
Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money

Hyperliquid’s Popularity Is Booming — But Most Traders Are Still Losing Money

June 17, 2025
Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely

Rate Cuts Could Fuel the Next Altcoin Boom — 3 Projects to Watch Closely

June 17, 2025
Litecoin’s Breakout Setup: Is the Bottom Finally In?

Litecoin’s Breakout Setup: Is the Bottom Finally In?

June 17, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.