• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Binance Executive Detained in Nigeria Now in ‘Deteriorating Condition,’ According to CEO Richard Teng

August 29, 2024
in Regulation
Reading Time: 2min read
0 0
A A
0
Binance Executive Detained in Nigeria Now in ‘Deteriorating Condition,’ According to CEO Richard Teng
0
SHARES
8
VIEWS
ShareShareShareShareShare

Binance executive Tigran Gambaryan, who has now spent more than six months in a Nigerian prison, is suffering from “rapidly deteriorating” health conditions, according to the firm’s CEO.

In a new blog post, Binance chief executive Richard Teng says Gambaryan can no longer walk and is in desperate need of medical care.

“Tigran’s physical and mental conditions have deteriorated rapidly, and his situation is now more dire than ever. He is in severe pain and unable to walk due to a herniated disc. Despite his condition, the Nigerian government has denied him adequate medical care, including basic needs such as access to a wheelchair.”

Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, was first detained by Nigerian authorities in February and charged with crimes related to Binance’s operations in that country.

While Gambaryan’s trial in a Nigerian court is expected to begin September 2nd, Teng says he has been prevented access to legal counsel.

Teng objects to authorities holding an employee to answer for allegations against Binance’s operations and calls on Nigeria to release Gambaryan.

“There is no need to imprison an innocent employee to answer for any allegations against Binance. We have settled issues in countries around the world, including the US, Thailand, and most recently in Brazil and India, in a reasonable, collaborative, and amicable manner with governments. All these were done without threat or harm inflicted on our employees.”

The Nigerian government had charged Binance, Gambaryan and another executive, Nadeem Anjarwalla, with four counts of tax evasion after the platform allegedly failed to register with the Federal Inland Revenue Service (FIRS). In June, tax evasion charges against Gambaryan and Anjarwalla were dismissed. However, both still face money laundering charges, which they deny.

In February, Gambaryan was arrested alongside his colleague Anjarwalla, who managed to escape the country. Gambaryan had traveled to Nigeria to engage in regulatory talks.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney


Credit: Source link

ShareTweetSendPinShare
Previous Post

Polygon On-Chain Activity Lights Up: MATIC Reversal Incoming?

Next Post

Miles Deutscher Discusses Retail Investor Absence and Altcoins with 10-20X Potential

Next Post
Miles Deutscher Discusses Retail Investor Absence and Altcoins with 10-20X Potential

Miles Deutscher Discusses Retail Investor Absence and Altcoins with 10-20X Potential

You might also like

Bitcoin Bounce Fails As Short-Term Holders Rush To Take Profit

Bitcoin Bounce Fails As Short-Term Holders Rush To Take Profit

March 7, 2026
XRP Price Prediction: This Rare Bottom Indicator Is Flashing Again — Is XRP About to Explode Up?

XRP Price Prediction: This Rare Bottom Indicator Is Flashing Again — Is XRP About to Explode Up?

March 12, 2026
Bitcoin Price Prediction: Trader Reveals ‘Simple Math’ That Nailed the Last BTC Bottom — Is the Next One Here?

Bitcoin Price Prediction: Trader Reveals ‘Simple Math’ That Nailed the Last BTC Bottom — Is the Next One Here?

March 10, 2026
Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Ethereum and Dogecoin by the End of 2026

Strange New Chinese AI ‘KIMI’ Predicts the Price of XRP, Ethereum and Dogecoin by the End of 2026

March 5, 2026
BitMine Buys Record 60,976 ETH for $120M as Tom Lee Calls Crypto Winter Bottom

BitMine Buys Record 60,976 ETH for $120M as Tom Lee Calls Crypto Winter Bottom

March 10, 2026
Creating Your First GitHub Repository: A Beginner’s Guide

GitHub Copilot Code Review Hits 60M Reviews as AI Handles 20% of Pull Requests

March 5, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

XRP Triangle Could Point To Support Between $0.60 And $0.90

Here’s How Much Needs To Flow Through Ripple For XRP Price To Reach $3,700

March 12, 2026
XRP Price Prediction: This Rare Bottom Indicator Is Flashing Again — Is XRP About to Explode Up?

XRP Price Prediction: This Rare Bottom Indicator Is Flashing Again — Is XRP About to Explode Up?

March 12, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.