Binance Executive's Trial Postponed Until June in Nigeria

IconCryptoNewsTerminal Staff23 May, 2024

cryptonews.jpg

Binance Executive's Trial Postponed Until June in Nigeria

Binance Executive's Trial Postponed in Nigeria A Nigerian court has adjourned the trial of Tigran Gambaryan, Binance's head of financial crime compliance in the country, until June. The presiding judge, Emeka Nwite, announced that Gambaryan's plea hearing will now take place on June 14. Gambaryan is facing charges of money laundering, tax evasion, and operating without a license in Nigeria. He was arrested in December 2022 and has been denied bail. The adjournment comes as a setback for Binance, which has been facing regulatory scrutiny in several countries. The company has been accused of allowing money laundering and other illicit activities on its platform. Binance has denied the allegations and has said that it is committed to complying with all applicable laws and regulations. The company has also said that it is cooperating with the Nigerian authorities in their investigation. The outcome of Gambaryan's trial will be closely watched by the cryptocurrency industry. A guilty verdict could further damage Binance's reputation and lead to increased regulatory pressure on the company.

Related News