Binance exec denied bail; DoJ wants 18 months for Bitfinex hacker
The post Binance exec denied bail; DoJ wants 18 months for Bitfinex hacker appeared on BitcoinEthereumNews.com.
Homepage > News > Business > Binance exec denied bail; DOJ wants 18 months for Bitfinex hacker Tigran Gambaryan’s ordeal at the hands of Nigerian authorities is not any closer to an end after an Abuja court dismissed his bail application this week. The Binance executive set out to convince the judge that his medical conditions warranted the attention of a specialist but ended up being accused of “abuse of the judicial process.” Elsewhere, New York rapper “Razzlekhan” who was part of the duo that stole and laundered 120,000 BTC from Bitfinex might spend less than two years behind bars for her crime. U.S. prosecutors called on the presiding judge to be lenient as she had been cooperative since her arrest two years ago. Binance’s Gambaryan denied bail, again Gambaryan, the head of global intelligence at Binance, was denied bail on October 11 in Abuja as the court again sided with the country’s financial industry tsar, the Economic and Financial Crimes Commission (EFCC). Gambaryan’s bail application was entirely dependent on his assertion that he needed urgent medical attention, which the Nigerian jail system couldn’t provide. In a previous hearing in September, he appeared frail and could barely walk, claiming that authorities had denied him access to a wheelchair despite his herniated disc. Judge Emeka Nwite remained unmoved in the hearing this week. “There is no evidence before this court that the Nigerian Correctional Service cannot handle the health challenges of the accused,” he ruled. In May, Judge Nwite dismissed a similar bail application, insisting that the former IRS officer could get the medical attention he required while detained. Gambaryan appealed the ruling, which didn’t sit well with the judge in the recent hearing. Judge Nwite stated that his latest request “amounts to abuse of judicial process to admit the accused to bail while an appeal is pending…
Filed under: News - @ October 17, 2024 12:15 pm