Mark Mordi, Gambaryan's attorney, says the jail cannot perform the urgent surgery needed due to his severe health decline.
Tigran Gambaryan, Binance’s head of financial compliance, is awaiting a crucial decision on October 9 regarding his bail application. 
Since February, Gambaryan has been jailed in Nigeria on grave accusations of currency manipulation and money laundering. Judge Emeka Nwete heard his bail hearing on Wednesday at the Federal High Court in Abuja.
Mark Mordi, the attorney representing Gambaryan, said that the jail system is unable to execute the necessary urgent operation due to Gambaryan’s severe decline in health. Mordi stressed that the Nigerian prison system does not provide the specialized medical care that Gambaryans need.
However, state prosecutor Ekele Iheanacho argued that Gambaryan has been receiving proper medical care at the prison hospital as well as another Abuja facility meant for prominent inmates.
The matter started when Gambaryan and a colleague were taken into custody in February while on a visit to talk about Binance’s adherence to Nigerian laws. The coworker was able to get away, but Gambaryan has stayed under arrest.
Binance’s troubles were compounded in May when the company alleged that Nigerian authorities sought a “secret” $150 million payment to resolve the situation. Nigeria has denied these claims.
In addition to the current legal battle, Binance is also dealing with separate tax evasion charges, which the company denies. The situation has drawn attention from U.S. lawmakers, who have accused Nigeria of unjustly detaining Gambaryan and have called on President Joe Biden to intervene.
On October 9, the ruling on Gambaryan’s bail request by Judge Emeka Nwete will be made public. Gambaryan stays behind bars until then; the court has heard a great deal of testimony from both sides.
#binance #TON

Justin Sun commits to burning 100% of SUN token revenue, targeting an increase in value and strengthening investor confidence within the Tron ecosystem.

In a decisive move aimed at enhancing token value, Justin Sun, the visionary behind the Tron network, has committed to burning 100% of the revenue generated from SUN tokens. This strategy is set to bolster investor confidence and potentially drive up the token’s market price.
Sun’s announcement has resonated well within the crypto community, with many viewing it as a positive step towards stabilizing and increasing the token’s value. 

The plan involves redirecting all generated revenue into token burns, a practice commonly associated with reducing the supply to increase scarcity and value.
Moreover, Sun addressed technical concerns by assuring stakeholders that resolving API issues is a priority, ensuring that revenue data remains transparent and accurate. 
His proactive approach extends to combating negative speculation around the token, as he boldly offered to purchase assets from skeptics, showcasing his confidence in the token’s future.
Additionally, in response to the growing enthusiasm around the SunPump initiative, Sun has increased the energy cap for TRX staking transactions. This adjustment is expected to enhance the efficiency of transactions and attract further participation from the community.
The impact of these initiatives is already evident in the trading figures, with SUN token experiencing an 8% increase in value over the last 24 hours. This comes as a significant development, especially considering the recent downturns in the broader crypto market, where major currencies like Bitcoin have suffered losses.
As the SUN token adopts this aggressive revenue burn strategy, it stands as a noteworthy experiment in cryptocurrency value management, with the potential to set precedents for other tokens in the industry.
#JustinSunPrison $SUN