Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court
Summary
Binance executive Tigran Gambaryan's bail application was denied in Nigeria due to flight risk. He faces money laundering and tax evasion charges. His lawyers requested time to review amended charges, leading to an adjournment until May 22. Gambaryan, detained since February, is set to be arraigned on that date. The trial commenced with a prosecution witness, prompting a trial adjournment until May 23. Binance and CEO Richard Teng have called for Gambaryan's release, asserting the charges are baseless.
