American Cryptocurrency Executive Jailed in Nigeria Amid Alleged $35M Financial Crimes

American security expert Tigran Gambaryan, who works for cryptocurrency firm Binance, was transferred to Nigeria's notorious Kuje prison after pleading not guilty to charges of tax evasion and money laundering.

Gambaryan was charged along with Binance over $35 million in alleged financial crimes. Binance argues Gambaryan holds no decision-making power in the company.

The court ruled Gambaryan can be tried alongside Binance since he arrived in Nigeria representing the company. His trial date is set for May 2nd.

Gambaryan's wife said he is being used as a "scapegoat" amid Nigeria's economic troubles and government crackdown on cryptocurrency.

Gambaryan, dubbed the "Bitcoin wizard," pleaded for U.S. government help in a video message. His wife said the U.S. Embassy has not been granted access to visit him.