Binance Exec's Detention Prolonged, Bail Ruling Postponed

  • Nigerian court delays Gambaryan’s bail as legal disputes and health concerns persist.

  • Gambaryan’s detention raises tensions with U.S. lawmakers urging Biden’s intervention.

  • Binance claims Nigerian officials demanded secret $150M crypto payment, sparking corruption fears.

A Nigerian court has once again postponed its decision on the bail application of Tigran Gambaryan, a senior executive at Binance Holdings Ltd., who has been detained in the country for over six months.

Gambaryan, the head of financial crime compliance at Binance, faces charges related to currency manipulation and money laundering, according to Nigeria’s Economic and Financial Crimes Commission (EFCC).

During a court session in Abuja on Wednesday, the judge presiding over the case adjourned the ruling on the bail application, stating that a decision will be made at a later, unspecified date.

Gambaryan’s lawyer, Mark Mordi, argued that his client requires urgent medical attention, including surgery, which he claims the Nigerian prison system cannot provide. Mordi emphasized that Gambaryan’s health has been deteriorating since July 18th and that immediate medical intervention is crucial.

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