Binance executive in Nigeria has been adjourned until April 19th

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The legal case involving a Binance executive in Nigeria, Tigran Gambaryan, has been adjourned until April 19th. Gambaryan has been detained in Nigeria since March amid allegations related to Binance’s activities in the country, including accusations of manipulating the Nigerian currency, the naira.

Gambaryan, a U.S.-based executive, traveled to Nigeria along with another Binance executive, Nadeem Anjarwalla, in February following claims of currency manipulation by the exchange. After Binance announced its decision to halt naira transactions on March 5, Gambaryan and Anjarwalla were detained by Nigerian authorities. Reports suggest they face charges including tax evasion and money laundering.

While Nigeria has proceeded with charges against the exchange, Gambaryan’s case has been adjourned until April 19. Anjarwalla reportedly escaped custody on March 22 and left the country. Gambaryan’s wife has launched a petition to bring him back to the U.S., emphasizing his innocence and describing him as a victim in the situation.

Binance, in an April 3 blog post, stated that Gambaryan had no decision-making authority within the company and should not be held accountable for its activities in Nigeria. Former Binance CEO Changpeng Zhao, who remains in the U.S., is also facing legal issues and is expected to be sentenced on April 30 after pleading guilty to one felony count as part of a multi-billion-dollar settlement with authorities.

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