Tigran Gambaryan, other Cryptocurrency Bosses Serving Jail Time Around the World 

Binance Nigeria executive Tigran Gambaryan is kicking his heels in a Nigerian jail now. His boss Changpeng Zhao, too, in the US.

Since its tee-off in 2017, Binance Holdings Ltd has been swimming in controversies. From its birthplace in China to its foray in Japan, and its hideout in Malta, Jersey, and a number of other countries.

Now the company has no known headquarters. And many of its executives are managing the $12-billion virtual company on the fly.  Lawsuits in 14 countries, including the US, the UK, Canada, France, and Nigeria, have grounded some of them.

Like Zhao.

He’s just got his orange jumpsuit in the US.  A district court found the 47-year-old guilty of breaking the US anti-money laundering law, and sentenced him to four months. The estimate of the amount laundered stood at $10 billion.

Binance Nigeria

There are other allegations, but Binance has agreed to settle them with $4.3 billion. Zhao himself is worth $33 billion.

Gambaryan—and his fugitive co-executive Nadeem Anjarwalla whom Kenya just pinned down for Nigeria—might face money laundering charges, too. About $26 billion in10 years.

Crypto Criminals

Other cryptocurrency kings and queens have been running afoul of laws in countries they operate in. The consequences have never failed.

FTX

Sam Bankman-Fried was a major crypto prince before his cover peeled off and the fraudster in him came out. He use his FXT going bankrupt to enrich himself with clients’ investments.

OneCoin

Its compliance head Irina Dilkinska got four years in a US court for laundering millions of dollars in 2023.

FTX

Thodex boss Faruk Fatih Ozer got 11,196 years in Turkey for defrauding investors millions of dollars—or 350 million liras last year.

Terraform Labs

Don Kwon, a South Korean, founded the crypto company that defrauded millions of US investors. Kwon took, and ran to Montenegro where authorities extradited him to the US for trials. The company and its owner were worth $40 billion.