PANews reported on August 27 that according to Finance Magnates, a Nigerian judge will hear a money laundering case involving the cryptocurrency exchange Binance and its two executives next week. At the request of the defense, the hearing was held in advance. The prosecutor said that the hearing, which was originally scheduled for October 11, is now scheduled for September 2.
Binance is accused of laundering more than $35 million, and the charges also implicate two of its executives: Tigran Gambaryan, a US citizen and Binance's head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan regional manager for Africa at Binance. Both Binance and Gambaryan have denied the allegations. However, Anjarwalla fled Nigeria before the trial and was therefore not detained. Gambaryan, on the other hand, has been detained in Nigeria since February, and according to his wife, Yuki Gambaryan, his health has deteriorated during his detention.