Gambaryan was jailed in February after visiting Nigeria to address allegations that Binance was undermining the local currency, which began to crash in May 2023. Economists have l

A judge in Abuja, Nigeria, on 11th October 2024, denied a request to grant detained US citizen, Tigran Gambaryan bail, despite him meeting all the requirements for bail to be granted on medical grounds .

Binance's head of financial crime compliance was denied bail for a second time on Friday as his trial on money laundering charges started in Nigeria, with a judge ruling that the prison in which he is being held is capable of meeting his medical needs.

Binance Executive Gambaryan's family has expressed distress over his bail denial, claiming unlawful detention despite needing medical attention.

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A Nigerian court on Friday rejected a bail application on health grounds for a Binance Holdings Ltd. executive standing trial on allegations of money laundering and currency manipulation, while instructing the prison to refer him to hospital for treatment.

A Nigerian court based in Abuja has denied a bail plea from a Binance executive who was arrested in February for money laundering allegations. The executive filed a bail plea to the court on his ill health,