Related: Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
Many have criticized the Nigerian government’s charges as lacking merit. Authorities in the country detained both executives as Binance announced that it intended to cease all naira transactions, calling into question the timing of the arrests. Binance said Gambaryan had “no decision-making power” at the crypto firm.
In a separate criminal case in the United States, a judge sentenced former Binance CEO Changpeng Zhao to four months in prison on April 30 following his guilty plea for failing to maintain an Anti-Money Laundering program. Zhao is expected to report to a facility in Oregon or Washington at a date to be determined.