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Binance Exec Tigran Gambaryan Denied Bail in Nigeria Amid $35M Money Laundering Trial on Friday
May 17, 2024, 12:58 PM
A Nigerian court has denied bail to Binance executive Tigran Gambaryan on Friday, who is currently facing a $35 million money laundering trial. The court also ruled that Binance could be served its tax evasion charges through Gambaryan. The denial of bail was partly due to concerns about Gambaryan's flight risk, citing passport issues. The trial marks a significant legal challenge for Binance as it navigates regulatory scrutiny in Nigeria. Gambaryan's wife, Yuki, expressed disbelief over her husband's trial on his 40th birthday.
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