Nigerian Court Denies Bail for Binance Executive in Money Laundering Case

Tigran Gambaryan to stand trial for tax evasion and money laundering amid allegations against cryptocurrency exchange

Tigran Gambaryan, Binance's chief compliance officer, has been detained in Nigeria since February.
The court ruled that Gambaryan could face trial on behalf of Binance for tax evasion and money laundering charges.
Gambaryan's bail was denied due to concerns he might flee the country, despite holding dual citizenship.
Nigerian authorities claim Binance laundered over $35 million and contributed to the naira's instability.
The case adds to a series of legal challenges faced by Binance globally.