Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds

The first Securities and Exchange Commission witness in Nigeria's trial against Binance and its executives has been cross-examined.Tigran Gambaryan's health is deteriorating in jail, his family said.

Nigeria's money laundering trial against Binance and two executives was adjourned until July 5 following the cross-examination on Monday of the first witness from the country's Securities and Exchange Commission. The court was also made aware that, despite several court orders, the prison where Tigran Gambaryan is being held has not released the medical records from his only visit to hospital, which took place a month ago. Gambaryan's health is deteriorating, according to his family. Justice Emeka Nwite again ordered that the reports should be provided to Gambaryan's lawyers by Friday.

Gambaryan, the crypto exchange's head of financial crime compliance, has been detained in the most populous African nation since February and is being held in Kuje prison alongside the likes of terrorist group Boko Haram. Another executive,"Tigran’s health continues to deteriorate in detention and he complained of numbness in his foot as well as back pain," a statement from the family's spokesperson said."He has had double pneumonia and malaria whilst in prison.

"As I have stated many times before and as the evidence in court is showing, Tigran has never been a decision-maker at Binance, and there is no justification for his continued detention," Yuki Gambaryan, Tigran’s wife, said."It is time for the Nigerian authorities to do the right thing and release my innocent husband."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.

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