Tigran Gambaryan, a detained executive of Binance, had his bail application denied by a Nigerian court due to concerns that he may jump bail. Binance and its executives are facing charges of money laundering and tax evasion in Nigeria. Gambaryan's lawyers requested an adjournment to review the amended charge before his arraignment on May 22. Binance's CEO has called for Gambaryan's release, stating that his detention sets a dangerous precedent.

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