Saturday, October 12, 2024

"Binance Expresses 'Deep Disappointment' as Detained Exec Tigran Gambaryan is Denied Bail"

"Binance Expresses 'Deep Disappointment' as Detained Exec Tigran Gambaryan is Denied Bail"

 **Binance Criticizes Gambaryan’s Extended Detention: A Call for Justice and Humanitarian Concerns**



In a recent statement, Binance has expressed deep disappointment regarding the Nigerian court's decision to deny bail for Tigran Gambaryan, a former U.S. federal agent and a prominent figure in the cryptocurrency compliance sector. The spokesperson emphasized the severity of Gambaryan's situation, noting that he has been unlawfully detained for over 220 days and that his health is rapidly deteriorating.


“We are deeply disappointed by the court’s decision to deny Tigran bail, particularly given his deteriorating health,” the spokesperson said. “Tigran did not go to Nigeria as a decision-maker, and there is no good reason to continue to hold him. We are committed to working with the Nigerian government to resolve issues, but Tigran must be allowed to go home.”


Gambaryan is currently imprisoned at Kuje prison, located near Abuja, on charges that many observers believe are linked to his professional role at Binance. However, the legitimacy of these charges remains unclear, prompting questions about the motives behind his prolonged detention.


### Health Crisis Amidst Detention


As concerns grow over Gambaryan’s unjust imprisonment, reports indicate that he is facing serious health challenges. He has battled conditions such as malaria and double pneumonia during his time in custody. Disturbing footage from a recent court hearing showed Gambaryan visibly struggling, using crutches and limping in apparent pain from a herniated disc. Eyewitness accounts reveal that he was denied access to a wheelchair, raising alarms about the treatment he is receiving.


“I’m not okay,” Gambaryan was heard pleading in the video. “Why couldn’t I use a goddamn wheelchair? This is a show. I’m innocent—why are you doing this to me?”


### Humanitarian Appeals and International Outcry


The situation has garnered attention not only from Binance but also from international advocates and human rights organizations. Binance’s CEO, Richard Teng, has previously appealed for Gambaryan's release on humanitarian grounds, expressing concern about the long-term physical and mental impact of his detention. “I appeal once again for the Nigerian government to allow him to go home to his family on humanitarian grounds so that he can seek the appropriate medical treatment in the U.S. and recover,” Teng stated.


Former IRS special agent Richard Weber also voiced skepticism regarding the legitimacy of Gambaryan’s charges, highlighting the ambiguity surrounding the reasons for his extended detention. “He’s been in prison for over 200 days – almost eight months – and no one knows what he really did wrong. I don’t even think the Nigerian government knows what he did wrong, and yet they are holding him there,” Weber remarked during a recent podcast.


### Growing Calls for Release


As Gambaryan’s health continues to deteriorate and the uncertainty surrounding his case persists, calls for his release are mounting. Binance, alongside various international advocates, is amplifying the urgency of the situation, demanding accountability from the Nigerian authorities.


The implications of Gambaryan's case extend beyond his personal plight; they touch on broader issues of human rights and the treatment of individuals in foreign legal systems. As the cryptocurrency landscape evolves, the need for clear legal frameworks and protections for industry professionals becomes increasingly critical.


In conclusion, Tigran Gambaryan’s ongoing detention raises pressing humanitarian concerns and highlights the complexities of international law within the cryptocurrency sector. The call for his release reflects not only a plea for justice but also a broader demand for accountability and humane treatment within global legal practices.


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