Binance Executive Denied Bail in Nigerian Money Laundering Case

Tigran Gambaryan remains in custody despite health concerns as his trial continues in Abuja.

Gambaryan, Binance's head of financial compliance, has been detained since February on charges of money laundering.
Nigerian judge Emeka Nwite ruled that the prison can manage Gambaryan's health needs despite his claims of deteriorating health.
The court denied bail, stating Gambaryan's health condition does not justify release unless it poses a threat to others.
Gambaryan's legal team argued he requires urgent medical treatment outside prison for multiple health issues, including a herniated disc.
Gambaryan's wife, Yuki, expressed disappointment and vowed to continue fighting for his release, asserting he was not a decision-maker at Binance.