Overview

• The Nigerian court has adjourned the trials of Binance executives Tigran Gambaryan and Nadeem Anjarwalla to May 17 due to late document service.
• Tigran Gambaryan remains detained in Kuje prison, awaiting both his trial and a bail hearing on the same day.
• Nadeem Anjarwalla has escaped, and Nigerian authorities are actively searching for him.
• Binance faces significant legal challenges in Nigeria, including charges of laundering over $35 million and tax evasion.
• The relationship between Binance and Nigeria has worsened, leading to the cessation of support for the Nigerian Naira by the crypto exchange.