Binance Executive Detained in Nigeria Pleads Not Guilty to Charges

Tigran Gambaryan remains in custody amid accusations of tax evasion and money laundering, as Binance seeks his release and navigates regulatory challenges.

• Binance executive Tigran Gambaryan pleaded not guilty to charges of tax evasion and money laundering in Nigeria, remaining in detention pending trial.
• Nigerian authorities have accused Binance and its executives of several infractions, including currency manipulation and facilitating illicit fund transfers, demanding a heavy fine.
• Binance has publicly requested Gambaryan's release, stating the charges are meritless and emphasizing his non-decision-making role in the company.
• Amid escalating tensions, Binance ended support for the Nigerian Naira and is in ongoing discussions with Nigerian officials regarding the situation.
• The case highlights Nigeria's complex relationship with cryptocurrency, involving regulatory challenges and accusations against crypto exchanges.

3 Articles

Blockworks CoinDesk Decrypt