Just-In: Nigeria Court Denies Binance Exec Tigran Gambaryan’s Bail Plea

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As a seasoned crypto investor with over two decades of experience, I’ve seen my fair share of ups and downs in this dynamic market. The latest development regarding Binance Executive Tigran Gambaryan’s bail plea denial in Nigeria has caught my attention.

In a recent development, a Nigerian court rejected the bail application of Binance Executive Tigran Gambaryan on Friday, triggering discussions within the market. It’s worth mentioning that due to his poor health and ongoing trials related to charges of money laundering and currency manipulation in the country, he had requested bail. However, the court has ordered him to be taken to a hospital for treatment instead.

Nigeria Court Denies Binance Exec Tigran Gambaryan’s Bail Request

Executive from Binance, Tigran Gambaryan, was apprehended in Nigeria back in February, an event that has sparked international interest. It’s worth noting that this arrest occurred after accusations were made about him for activities related to money laundering and manipulation of cryptocurrencies, particularly on the leading crypto exchange platform.

In addition, tax evasion accusations were initially brought forth but subsequently dismissed. Yet, despite this development, the executive continues to be detained at Kuje Prison, a facility infamous for housing members of groups like Boko Haram.

In the meantime, he asked for bail due to his worsening health situation, but this request was turned down by the Nigerian court today as reported by Bloomberg. Yet, the court instructed the prison to send him to a hospital for medical attention instead.

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2024-10-11 14:07