Family says Binance Exec Tigran Gambaryan Denied Bail

The Case of Tigran Gambaryan: Binance Executive Denied Bail Despite Health Issues

The plight of Tigran Gambaryan, an executive at Binance, has captured attention after news emerged that he has been denied bail despite his deteriorating health condition. Gambaryan, who works in financial crime compliance at the prominent Cryptocurrency Exchange, has been experiencing severe health issues, including a herniated disc in his back that has left him unable to walk without assistance.

Health Concerns and Legal Troubles

Reports of Gambaryan's declining health first surfaced several months ago when Nigerian officials claimed he was in good health. However, his wife later revealed that he was in a critical condition and urgently needed specialized medical care. The executive's troubles began when he traveled to Nigeria to negotiate with authorities regarding a ban on several Cryptocurrency trading Platforms, including Binance, Coinbase, and Kraken.

During negotiations, Gambaryan and another executive, Nadeem Anjarwalla, were detained and faced allegations of Tax evasion, money laundering, and other financial crimes. While the tax evasion charge against Gambaryan was dropped later on, he has remained in detention since February.

In a surprising turn of events, Anjarwalla managed to escape custody in late March by using a concealed passport after requesting permission to visit a local mosque for prayers. His escape shed light on the harsh conditions that both executives faced in detention.

Family's Plea for Bail

Gambaryan's wife, Yuki Gambaryan, expressed her frustration at the denial of bail for her husband, stating that it was unjust to prevent him from seeking necessary medical treatment. She emphasized the urgent need for Gambaryan to receive proper medical care to avoid any permanent damage to his health.

Meanwhile, Rep. Rich McCormick (R-GA) has been advocating for U.S. intervention in Gambaryan's case, highlighting the lack of attention given to the situation amid other distractions. McCormick emphasized the misunderstandings surrounding the Crypto industry and called for a closer examination of the details of the case.

Call for Support and Justice

Gambaryan's case has sparked outrage among supporters who are calling for justice and fair treatment for the detained executive. The denial of bail despite his critical health condition has raised concerns about human rights and access to medical care for individuals facing legal challenges.

As the situation unfolds, efforts continue to secure bail for Gambaryan and ensure that he receives the necessary medical attention. His family, along with supporters and lawmakers, are actively working towards a resolution that prioritizes his health and well-being.