- Binance executive Tigran Gambaryan's trial in Nigeria has been rescheduled due to his absence in court.
- The trial was adjourned until October 25 to allow him to seek medical treatment.
- The judge dismissed the bail plea but ordered the CEO to be transferred to a hospital for medical care.
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The trial Binance executive Tigran Gambaryan detained in Nigeria has been rescheduled following his absence in court. The case was adjourned on Friday by a court in the country’s capital Abuja.
As reported by Reuters, Emeka Nwite, a Federal High Court judge in Abuja, has postponed the trial until October 25 to allow him to seek medical treatment.
Tigran has been held in Nigeria since February, and US legislators have argued that his detention has been unreasonable. His lawyer has frequently highlighted his failing condition, claiming that he needs surgery.
Yuki Gambaryan, Tigran's wife, expressed concerns in August, pleading with the Nigerian government to release her husband on humanitarian grounds.
She emphasized that her husband required "highly specialized and risky surgery" owing to the deteriorating state of his herniated disc, which has progressed to the point of irreversible harm.
Binance faces separate tax evasion allegations, which it rejects.
The exchange suspended all transactions and trading in Nigeria's naira following a nationwide crackdown on cryptocurrency exchanges, which officials blamed for fueling a clandestine market for foreign cash.
Tigran Gambaryan’s arrest
The crackdown on the Binance CEO earlier in the year came after many cryptocurrency sites became popular options for trading the Nigerian naira, which became an issue when the West African country began to run out of dollars.
According to Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), more than $26 billion was transferred via Binance Nigeria from unknown sources.
In the midst of a crypto exchange inquiry, the authorities imposed a $10 billion punishment. However, the crypto exchange has denied any knowledge of the punishment.
On March 8, the cryptocurrency exchange announced the end of all services in Nigeria that used the local fiat currency, the Nigerian naira (NGN).
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