- Tigran Gambaryan freed after eight months in Nigeria, health concerns linger.
- Charges dropped, Gambaryan returns to the U.S. for urgent medical treatment.
- Diplomatic efforts secure Binance executive’s release after long legal battle.
Tigran Gambaryan, a senior executive at Binance, has been released from detention in Nigeria following eight months of imprisonment. His ordeal began when Nigerian authorities accused him of money laundering, resulting in his arrest and lengthy detention. During prison time, Gambaryan’s health deteriorated significantly, leading to concerns on his well-being.
After months of legal proceedings and diplomatic efforts, the charges were finally dropped, allowing him to seek medical treatment in the U.S. This ends a difficult period for Gambaryan, his family, and Binance.
The Long Road to Release
Gambaryan’s release followed numerous unsuccessful bail attempts. Despite his worsening health, Nigerian courts repeatedly denied bail, forcing him to endure harsh prison conditions. However, after months of advocacy and diplomatic pressure, Nigerian authorities re-examined the case.
Read also: Binance Executive’s Bail Denied a Second Time in Nigeria
Nigerian prosecutors stated that Gambaryan’s role in the alleged crime was minor compared to that of his employer, Binance Holdings Limited. Diplomatic factors also influenced the decision.
While in detention, Gambaryan developed multiple health issues, including malaria, pneumonia, and tonsillitis, leading to complications that required him to use a wheelchair. The approval for his release brought relief to his family and supporters, who had campaigned for his freedom.
A Family’s Relief and Health Concerns
Gambaryan’s family expressed relief and gratitude after his release. His wife, Yuki Gambaryan, who had been actively campaigning for his freedom, thanked the U.S. government for their efforts. His family is now focused on his medical recovery.
Binance CEO Richard Teng also expressed relief at Gambaryan’s release, stating that his health and well-being remain a top priority for the company. Binance is ready to move forward from this situation and continue its work in the blockchain industry.
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