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Binance's Top Compliance Officer Remains in Nigerian Custody After Second Bail Denial

Cryptocurrency exchanges function as online platforms where individuals can trade digital currencies. Among these exchanges, Binance stands out as the most active in terms of trading volume.
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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.
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