CandleFocus Binance Executive's Trial Delayed to October 25 Due to Health Concerns
2024-10-18
Author: Content Editor
The trial of Binance executive Tigran Gambaryan, who is detained in Nigeria, has been adjourned due to his illness. Gambaryan, a US citizen and Head of Financial Crime Compliance at Binance, has been held in Nigeria since February on charges of laundering over $35 million, which he and Binance deny. The trial has been postponed to October 25 to allow Gambaryan to receive medical treatment. Binance has called for his release on social media, while Nigerian officials have denied allegations of requesting a secret payment from the company. Gambaryan's deteriorating health has been a concern, and his wife has appealed for his release. Additionally, Binance faces tax evasion charges and has halted transactions in Nigeria's currency following a government crackdown on crypto exchanges.
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