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Binance executive bail hearing postponed in Nigeria until October

Binance executive bail hearing postponed in Nigeria until October

GrafaGrafa2024/09/05 01:25
By:Isaac Francis

Tigran Gambaryan, a Binance executive detained in Nigeria since February, faces another delay in his bail hearing. 

The ruling on Gambaryan’s bail application, initially expected this month, has now been postponed to October 9. 

Gambaryan, who serves as Binance’s head of financial crime compliance, was arrested by Nigerian authorities earlier this year on charges of tax evasion and money laundering. 

Family members, including his wife Yuki, have expressed concerns over Gambaryan’s deteriorating health while he remains in custody. 

A recent court appearance on September 2 drew attention after a video circulated on social media, showing Gambaryan struggling to walk to the courtroom without assistance from guards. 

His attorneys have filed a motion for his release on bail, citing inadequate medical care for his health problems while in Nigerian detention. 

Gambaryan has now spent more than six months in custody. 

As a U.S. citizen and former IRS special agent, Gambaryan’s detention has sparked outcry from lawmakers and crypto industry leaders, who argue that he has been unjustly detained. 

His wife has launched a petition to advocate for his release, which has gathered over 5,400 signatures to date. 

Many supporters are urging for his return to the United States. 

This case is part of a broader trend of actions against high-profile executives in the tech and crypto sectors in 2024. 

For instance, French authorities arrested Telegram CEO Pavel Durov on August 24, charging him with offenses related to money laundering and providing cryptology services. 

Similarly, Nadeem Anjarwalla, another Binance executive detained alongside Gambaryan, fled to Kenya. 

Although charges of tax evasion against both men were dropped in June, they still face potential legal proceedings for money laundering allegations. 

As Gambaryan awaits his next court date, the international crypto community continues to monitor the situation closely, advocating for fair treatment and due process.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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