Tigran Gambaryan’s bail hearing has reportedly been delayed again, ensuring the Binance executive remains in Nigerian custody until at least May 17.
The 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.
Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17.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.
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 thatNigeria 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,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.$1M Bitcoin price still in play amid 'macro liquidity surge' — Arthur Hayes
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