The Federal High Court in Abuja has rejected the bail application of Binance executive Tigran Gambaryan. Gambaryan faces charges of money laundering and tax violations in Nigeria. Judge Emeka Nwite opposed granting bail on Friday due to Gambaryan's potential flight risk and the seriousness of the charges. Binance CEO Richard Teng called for Gambaryan's release and criticized the circumstances of the arrest. The continuation of the case attracts international attention focused on the overall consequences of foreign businesses' activities in Nigeria. 😔