The post Binance Executives To Face Money Laundering Charges Next Week appeared on BitcoinEthereumNews.com.

A Nigerian court will hear the money laundering case against Binance and two executives next week. This follows an application by the defense to move the hearing to an earlier date amid the ongoing controversy. The crypto community has called for the release of Tigran Gambaryan who remains in custody since Feb 26. Court To Hear Binance Money Laundering Case Crypto exchange Binanace alongside two executives, Nadeem Arjarwalla and Tigran Gambaryan have seen their court dates brought forward following requests by the defense. According to Reuters, the case will be heard on Sept 2 instead of the previously scheduled Oct 11 date. The defendants are facing charges hinged on laundering and tax evasion following the ongoing regulatory saga.  In February, both executives were detained in Nigeria following invitations for a meeting. The country claims sabotage to its local currency amid a free fall earlier this year. Though Binance and its executives denied the charges, several agencies in the country have accused the firm’s activities of impacting the naira. Several crypto enthusiasts have rallied around the crypto exchange and its two executives calling the continued detention unjust. Meanwhile, Nadeem Arjawalla fled prison and left the country before the commencement of the trial. The Nigerian government revealed plans to arrest and extradite him to face charges. Despite the country’s uncertain crypto policies, Nigeria remains a growing spot of crypto users as its young population embraces blockchain technology for diverse reasons.  Gambaryan’s Health Concerns  Amid the growing legal battle, Gambaryan’s health has deteriorated while in custody leading to wider calls for his release. After six months in detention, his family revealed that prolonged medical negligence have led to more complications. He is no longer able to walk due to an untreated herniated disc with the prison refusing to provide him with a wheelchair. …

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Filed under: News - @ August 27, 2024 2:12 am