A Nigerian court will hear the money laundering case against Binance and two executives next week. This follows an application by the defense to move the hearing to an earlier date amid the ongoing controversy. The crypto community has called for the release of Tigran Gambaryan who remains in custody since Feb 26.

Court To Hear Binance Money Laundering Case

Crypto exchange Binanace alongside two executives, Nadeem Arjarwalla and Tigran Gambaryan have seen their court dates brought forward following requests by the defense. According to Reuters, the case will be heard on Sept 2 instead of the previously scheduled Oct 11 date. The defendants are facing charges hinged on laundering and tax evasion following the ongoing regulatory saga. 

In February, both executives were detained in Nigeria following invitations for a meeting. The country claims sabotage to its local currency amid a free fall earlier this year. Though Binance and its executives denied the charges, several agencies in the country have accused the firm’s activities of impacting the naira.

The post Binance Executives To Face Money Laundering Charges Next Week appeared first on CoinGape.

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