Fun

Binance exec will remain in Nigerian custody until May 17 bail hearing: Report

News Feed - 2024-04-24 06:04:21

Turner Wright2 hours agoBinance exec will remain in Nigerian custody until May 17 bail hearing: ReportThe question of Tigran Gambaryan’s bail in Nigeria was expected to be addressed in an April 22 hearing, which has reportedly been pushed back to May 17.545 Total views4 Total sharesNewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksTigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17.


According to April 23 reports from local news outlets, Gambaryan will remain in Nigeria’s Kuje prison until at least May 17, when a judge will decide whether to grant the Binance executive bail. He initially traveled to Nigeria in February with fellow Binance executive Nadeem Anjarwalla to address claims the exchange manipulated the country’s fiat currency, the naira. Nigerian authorities detained both Binance executives as the crypto exchange announced that it intended to cease all naira transactions.


Gambaryan was expected to return to court on April 19 following an initial postponement, and the question of bail was to be addressed on April 22. He has pleaded not guilty to tax evasion and money laundering charges brought by Nigeria’s Economic and Financial Crimes Commission, with a trial scheduled for May 2.


Anjarwalla reportedly escaped Nigeria custody in March, using his Kenyan passport — he is both a British and Kenyan national — to fly out of Abuja. Reports from April 22 suggested that Kenya’s police arrested Anjarwalla and may extradite him to Nigeria to face criminal charges. 


Related:Nigeria launches first multilingual large language model in Africa


Many have criticized the government’s charges as lacking merit, as Binance said Gambaryan had “no decision-making power” at the crypto firm. On March 30, Yuki Gambaryan, Tigran’s wife, launched a petition for the U.S. State Department, Nigeria’s Economic and Financial Crimes Commission, the Nigerian government and U.S. President Joe Biden to to return him to the United States. As of April 23, the petition had 3,960 signatures.


In a separate case in the United States, former Binance CEO Changpeng Zhao is expected to be sentenced on April 30 following his guilty plea for failure to maintain an Anti-Money Laundering program while leading the exchange. He could face up to 10 years in prison.


Magazine:South Africa’s digital-nomad crypto hub: Cape Town, Crypto City Guide# Law# Nigeria# Court# Crimes# Binance# RegulationAdd reaction

News Feed

Was the ETH price flash crash to $3,180 triggered by excessive leverage?
Marcel Pechman5 hours agoWas the ETH price flash crash to $3,180 triggered by excessive leverage?Demand for Ether leverage sharply increased in the past 24 hours, but data does not point to liquidations being the main dr
Starknet explains reasons for 4-hour block outage
Gareth Jenkinson11 hours agoStarknet explains reasons for 4-hour block outageBlockchain data from Starkscan indicates that Starknet’s system stopped producing blocks for four hours on April 5.882 Total views1 Total sha
Mars4: Highly Liquid MARS4 Dollars and Revenue Generating Mars Terrain NFTs
Mars4: Highly Liquid MARS4 Dollars and Revenue Generating Mars Terrain NFTs sponsored The red planet is a mystery to man and his obsession with it has created many legends and myths
CoreWeave expands Core Scientific computing deal by $1.225B
Derek Andersen5 hours agoCoreWeave expands Core Scientific computing deal by $1.225BCore Scientific is well-positioned to take advantage of new opportunities at its mining facilities.577 Total views1 Total sharesListen t
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament,
LABEL Foundation Secures 7 Digit Investment From DWF Labs
LABEL Foundation Secures 7 Digit Investment From DWF Labs press release PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutioni
Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale
Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale Shakhtar Donetsk, a leading soccer team in Ukraine, will sell a collection of non-fungible tokens (NFTs)
AssangeDAO member Silke Noa says $37M spent to rescue Assange
Josh O"Sullivan10 hours agoAssangeDAO member Silke Noa says $37M spent to rescue AssangeSilke Noa calls for detailed accounting from the Wau Holland Foundation on the $37 million spent on Assange’s legal defense.778 To
Mastermind of a Cryptocurrency Scam Arrested in India
Mastermind of a Cryptocurrency Scam Arrested in India An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Duba
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
Report: Nigeria to Stop Cash Withdrawals From Government Accounts From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accou
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020
EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020 The U.S. dollar has been very strong compared to a myriad
Vitalik Buterin warns of politicians claiming to be ‘pro-crypto’
Turner Wright5 hours agoVitalik Buterin warns of politicians claiming to be ‘pro-crypto’The Ethereum co-founder said he had observed the Russian government espousing crypto while acting as an authoritarian regime.760