Binance Money Laundering Trial Postponed Due to Compliance Head's Serious Illness

• Trial against Binance in Nigeria postponed to June 20 due to executive's illness.
• Binance compliance head Tigran Gambaryan collapsed in court during trial for tax evasion and money laundering.
• Gambaryan denied bail, faces charges of tax evasion and money laundering in Nigeria.
• Court adjourned proceedings to June 20 for Gambaryan's medical treatment.
• Binance accused of influencing foreign exchange rates, leading to stricter oversight in Nigeria.
• Binance CEO alleges Nigerian officials sought secret settlement in cryptocurrency, leading to market exit.

Summary :
The money laundering trial against Binance in Nigeria has been postponed until June 20 due to the serious illness of Tigran Gambaryan, Binance's compliance head. Gambaryan, who is charged with tax evasion and money laundering, collapsed in court and required medical attention. He is currently detained in the Kuje prison and his wife has called for his immediate release, citing his deteriorating health and the harsh conditions in the prison. Gambaryan's trial for tax evasion charges has also been postponed. Binance has faced multiple legal challenges in Nigeria, including accusations of influencing foreign exchange rates and tax evasion.

Sources :

- Coindesk
- CoinTelegraph