Binance's top compliance officer, Tigran Gambaryan, remains in Nigerian custody despite a second bail denial. An american citizen's trial for money laundering began on Friday, with the judge dismissing medical concerns. Both Gambaryan and Binance, the largest cryptocurrency exchange, maintain their innocence.
The judge denied Gambaryan bail again, citing a pending appeal from a previous ruling. The trial was adjourned until October 18.
The company also faces separate tax evasion charges, though denying involvement.