Binance Executive Slumps in Court Over Ill-Health: Drama Unfolds at Federal High Court Abuja

In a dramatic turn of events at a Federal High Court in Abuja, detained Binance executive Tigran Gambaryan slumped in court over alleged ill-health while facing a money laundering charge. The incident occurred during trial continuation before Justice Emeka Nwite, prompting concern from the court and defense team.

Gambaryan’s lawyer informed the court that he had been indisposed, presenting a written application letter to notify the court of his condition. Throughout the proceeding, Gambaryan remained seated, leaning on the arm of his seat as the trial continued.

This development adds to the ongoing saga surrounding Binance executives in Nigeria, with Interpol confirming plans to extradite another Binance regional manager, Nadeem Anjarwalla, for prosecution. Binance CEO Richard Teng has expressed concern over the detention of its employees in Nigeria, calling for their release and listing conditions for settlement negotiations with the Nigerian government.

The situation highlights the growing tensions between cryptocurrency exchanges and regulatory authorities in Nigeria, with accusations of blackmail and bribery flying back and forth. As the legal battle continues, the fate of Gambaryan and other Binance executives remains uncertain, raising questions about the future of cryptocurrency regulation in the country.