- The Nigerian court has preponed the hearing of Binance and its two executives.
- The hearing was originally scheduled for October 11 but now reset for September 2.
- Executive Tigran Gambaryan has been reportedly facing severe health issues.
In the ongoing Binance-Nigeria legal battle, the court has moved up the hearing of the money laundering case against the exchange and its two executives. Originally scheduled for October 11, 2024, the hearing is now set for September 2.
The saga began in February 2024 when Nigerian authorities apprehended two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla. The arrest occurred in the wake of Nigeria’s foreign exchange crisis and Binance’s alleged involvement in $26 billion in illicit flows.
Over the course, including several trials, attention turned to the detained executive Gambaryan, who reportedly faced serious health problems. Gambaryan’s family and friends voiced concerns about his worsening health, particularly after he collapsed during a previous trial.
Despite Gambaryan being brought to the next trial in a wheelchair, the court initially scheduled the next hearing for October 11. Gambaryan’s family, including his wife, protested that he was not receiving adequate medical care even with the court ruling. They highlighted his severe health issues, including a herniated disk in his back that needs specialized surgery.
Binance CEO Richard Teng has consistently criticized the Nigerian government’s actions, demanding Gambaryan’s release. In a recent interview, Teng stated that the Nigerian authorities have been unjustly holding Gambaryan for almost half a year.
Political representatives in the U.S. including House Committee on Foreign Affairs Chairman Michael McCaul, called on President Joe Biden to take immediate action to free Gambaryan. They also accused the Nigerian authority of charging the executive with “baseless” crimes. In a letter to President Biden, Secretary Antony Blinken, and the Presidential Envoy for Hostage Affairs Roger D. Carstens, the leaders asserted that the authority has “wrongfully detained” Gambaryan and characterized it as a coercion tactic to threaten Binance.
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