Tigran Gambaryan, a Binance executive, will remain in custody in Nigeria until at least May 17, following a decision by Justice Emeka Nwite of the Federal High Court in Abuja. The Economic and Financial Crimes Commission (EFCC) has urged the court to deny Gambaryan's bail application, citing risks associated with his release amidst his ongoing money laundering trial. The bail hearing, initially set for an earlier date, has been postponed to May 17. Gambaryan's legal representation has argued that his detention amounts to 'state-sanctioned hostage-taking.'
US prosecutors request three-year prison sentence for #CZ 🚓🚨👀 Do you think this is fair? 🤔 Click below for the full report 👇👇👇 https://t.co/DFd0pXjuxK https://t.co/DhjA90GFcr
🚨ICYMI: The US DOJ is seeking 36 months for CZ. For what it’s worth we don’t think he’ll get any jail time. We think he’ll get his fine, have to wear an ankle monitor, do some house arrest, have his travel restricted, and that’s basically it. Similar to Arthur Hayes of BitMEX. https://t.co/cgwLhjKofc
CZ has not been accused of running a Ponzi scheme or theft. However, he could face jail time because the government wants to stage a public spectacle in the crypto industry, akin to a public square execution from historical times. Let’s not forget that it was SBF who paid…
A Delhi court on April 24 granted time to Chief Minister Arvind Kejriwal to file response to the replies filed by the ED on his two petitions seeking revision against an order on allegedly evading the agency's summonses in the excise policy case https://t.co/Rb9vYAdHKA
VIDEO | "The argument for bail application in the (Delhi excise policy) case was listed for today, on the third consecutive day. Arguments were held at length and the order has been reserved for May 6," says advocate Nitesh Rana on BRS MLC K Kavitha's bail application hearing in… https://t.co/jNXHVfWmJV
So, the DOJ seems dead set on pursuing charges against CZ and is looking for a 3 year prison sentence. However, they were more than happy to drop the campaign finance violations in the SBF trial. I wonder why 🤔
CZ’s defense documents stated that CZ was not aware of and was never explicitly informed of the specific transactions involving criminal funds conducted on Binance; CZ was not at risk of re-offending because he should have been sentenced to probation rather than prison.… https://t.co/RaV2VvEP8E
UPDATE: BAIL HEARING FOR BINANCE EXEC TIGRAN GAMBARYAN IN NIGERIA POSTPONED UNTIL MAY 17
UPDATE: Changpeng Zhao's attorneys argue he should be sentenced to probation but not prison in their own filing Wednesday morning. @nikhileshde reports. https://t.co/VT0FPKITJV
Releasing Binance executive from custody risky, EFCC insists https://t.co/NBs2EQ9sEK
📣 Latest News: Binance exec will remain in Nigerian custody until May 17 bail hearing: Report #news #cryptonews #crypto
'This is purely state-sanctioned hostage-taking.' Hard to recall a case where a senior executive from a global finance firm has been held without bail for so long... @OsatoNomayo reports on the latest development in the @binance Nigeria crisis... https://t.co/LqtNUjjMFB
Binance executive Tigran Gambaryan will remain in prison in Nigeria until at least May 17, after his trial for money laundering ends. @cheyenneligon reports https://t.co/HafzdB7YNL
Binance's Tigran Gambaryan is a victim of ‘state-sanctioned hostage taking’ says lawyer at bail hearing in Nigeria
EFCC asks court to deny Binance executive bail The Economic and Financial Crimes Commission on Tuesday urged Justice Emeka Nwite of the Federal High Court Abuja to deny the bail application of the detained Binance Holdings Limited’s executive, Tigran Gambaryan.… https://t.co/yZX3kbGG29
Kenyan Authorities to Extradite Binance Executive to Nigeria by Month’s End #crypto #cryptocurrency #cryptoexchanges https://t.co/2K8kh721ac
Court to hear Binance executive’s bail application Tuesday https://t.co/CjVu3FadLe