A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Binance and executives Gambaryan, a U.

Tigran Gambaryan, a top executive at Binance, remains in custody in Nigeria, denied bail in a complex case involving money laundering allegations. Since February, Gambaryan has been a central figure in a legal debacle that reflects broader tensions surrounding cryptocurrency regulations.

In a significant legal development, a Nigerian court has determined that Binance executive Tigran Gambaryan can be prosecuted on behalf of the cryptocurrency

World's largest crypto exchange, Binance has expressed disappointment over a Nigerian court ruling that its executive detained on charges of tax evasion and money laundering, Tigran Gambaryan can face trial on behalf of the company.

Tigran Gambaryan, a Binance executive detained in Nigeria since February, has reportedly been denied bail by a Nigerian court in a money laundering trial. According to a local media report, Judge Emeka Nwite denied the bail application, stating that he believed Gambaryan posed a flight risk and would likely flee if released on bail.