Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
Summary
Nigeria's money laundering trial against cryptocurrency exchange Binance and two of its executives has been postponed until July 5. Tigran Gambaryan, Binance's head of financial crime compliance, has been detained in Nigeria since February and is reportedly experiencing deteriorating health. Despite court orders, his medical records have not been released. Another executive, Nadeem Anjarwalla, who also faced money laundering charges, has escaped. Binance is also the defendant in a tax evasion case adjourned until July 12, with charges against Gambaryan and Anjarwalla dropped. U.S. Congress members have visited Gambaryan and urged further U.S. action. Binance declined to comment on the situation.
