2024

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The Nigerian court has again delayed the bail application of Tigran Gambaryan, Binance’s head of crime compliance, citing the potential risks of his fleeing. Gambaryan, arrested in February along with another executive, faces severe charges, including money laundering and tax evasion. 
The court has permitted charges from the Federal Inland Revenue Service to be served through Gambaryan, complicating his legal battles. 
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 Court Denies Binance Executive Tigran Gambaryan Bail<a href="https://t.co/FO8XmZHMJu" target="_blank">https://t.co/FO8XmZHMJu</a> <a href="https://t.co/FToW4Wnfvn" target="_blank">pic.twitter.com/FToW4Wnfvn</a>— Channels Television (@channelstv) <a href="https://twitter.com/channelstv/status/1791417876680773795?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 17, 2024</a>
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Corporate Reactions On his 40th birthday, which coincidentally fell on the day of the hearing, Gambaryan’s plight was highlighted by his wife, Yuki, who fervently expressed hopes for justice amidst her husband’s controversial trial.&nbsp; 
Meanwhile, Binance has voiced disappointment, defending Gambaryan’s integrity and dedication to fighting financial crime, underscoring that he holds no decision-making power within the company that could relate to the charges. 
As the case progresses, the repercussions are felt well beyond Nigeria’s borders, impacting Binance’s operations and corporate image. This legal entanglement occurs amidst broader regulatory scrutiny of cryptocurrency platforms globally. The next court session is set for May 23, promising further developments in this high-stakes legal battle. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/17/binance-joins-taiwan-in-6-2-million-money-laundering-sweep/" target="_blank" rel="noreferrer noopener">Binance Joins Taiwan in $6.2 Million Money Laundering Sweep</a> 
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Binance Faces Legal Hurdles as Court Delays Executive’s Bail

The Crypto Times

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