Summary
TLDR: Binance executive Tigran Gambaryan pleaded not guilty to tax evasion and money laundering charges in Nigeria. His wife is asking for his release, while Binance claims the charges are meritless and continues to work with Nigerian officials. Another executive fled the country. Nigeria claimed $26 billion passed through Binance Nigeria and is seeking a fine. Court process is ongoing, with the next hearing scheduled for April 19. Binance ended support for the Nigerian Naira amid the situation.
Key Points
1. Binance executive Tigran Gambaryan pleaded not guilty to charges of tax evasion and money laundering in Nigeria on Monday.
2. The Nigerian court ordered Gambaryan to be remanded at the Kuje correctional facility, where the Islamic State attacked in 2022 as part of a jailbreak.
3. Gambaryan’s wife, Yuki Gambaryan, pleaded with the American and Nigerian governments to release him, stating that he is innocent and has no decision-making power in Binance.