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International Business Times
International Business Times
Business
Marvie Basilan

Nigerian Court Denies Bail For Binance Executive Gambaryan

Tigran Gambaryan Binance Nadeem Anjarwalla Nigeria Richard Teng United States Crypto
Binance's Tigran Gambaryan has been in Nigerian custody since late February. (Credit: Chainwire)

KEY POINTS

  • Nigerian Justice Emeka Nwite reportedly deemed that Gambaryan would "jump bail if granted"
  • Nwite said Gambaryan was in the same room with Anjarwalla when the latter fled Nigerian custody
  • Binance's CEO has said the crypto giant was working "tirelessly" to bring Gambaryan home

A Nigerian court denied the bail application of Tigran Gambaryan, Binance's chief of financial crime compliance, marking another setback in the crypto executive's bid to defend himself from allegations related to the cryptocurrency exchange titan's alleged tax evasion and non-compliance.

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