A recent ruling from a Nigerian court denied bail to Binance executive Tigran Gambaryan, sparking significant backlash from the cryptocurrency exchange. This decision comes amidst reports of Gambaryan’s declining health during his extended detention, now exceeding 220 days. A representative for Binance expressed profound disappointment, emphasizing that Gambaryan’s imprisonment is unwarranted, given he was not in Nigeria in a decisive capacity. The spokesperson highlighted that the organization is working diligently with Nigerian authorities to facilitate his return home, citing humanitarian concerns related to his health.
Binance has reiterated that Gambaryan lacks substantial authority within the platform’s operations, contributing to its advocacy for his release. As the situation intensifies, international support for Gambaryan is mounting, with both humanitarian and diplomatic discussions underway. The exchange’s commitment to ensure Gambaryan’s safety and prompt return reflects broader concerns regarding the treatment of individuals within the crypto space, emphasizing the necessity of addressing legal frameworks surrounding digital assets globally.