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 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.

Binance's head of financial 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.

Tigran Gambaryan, an American citizen, has been in detention in Nigeria since the end of February. He and Binance deny the charges against him. He had asked the Federal High Court in Abuja to free him on medical grounds,

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,

Tigran Gambaryan, Binance's head of financial crime compliance, has been detained in Nigeria since February. ・Nigerian court denies bail request for Binance executive on health grounds. ・Tigran Gambaryan,