Gambaryan has been held in Nigeria since February and faces charges of laundering over $35 million, which both he and Binance deny. However, Gambaryan had sought release, citing his deteriorating health and the need for surgery outside prison.Binance has taken to social media to request his release, as reported by Finance Magnates.
In a separate development, Binance has expanded its services in Africa, enabling users in Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo, Togo, and Senegal to purchase cryptocurrency via mobile money payments through local partnerships. Also, Binance has halted transactions in Nigeria’s currency, the naira, following a government crackdown on crypto exchanges, which authorities allege are linked to the black market for foreign currency.
A Nigerian court has postponed the trial of US citizen Tigran Gambaryan, Executive at Binance, due to his illness and the need for medical treatment.
