A Nigerian court has ruled that Tigran Gambaryan, a U.S. citizen and the chief financial compliance officer of Binance, can be tried as a representative of the cryptocurrency exchange platform in the ongoing tax evasion and money laundering case against it. Reuters reported on this development, stating that Gambaryan is being held responsible due to his position as Binance’s compliance officer. However, Binance has expressed disappointment and stated that Gambaryan does not have the authority to make decisions for the company. A spokesperson for Binance told Reuters that the charges against Gambaryan are baseless and that he should be released while discussions between Binance and Nigerian government officials continue. Gambaryan was initially detained by Nigerian authorities in April and was subsequently charged with money laundering and tax evasion. Binance CEO Richard Teng has called for Gambaryan’s release and expressed the company’s willingness to cooperate with Nigeria to resolve the tax issues. Teng emphasized that Binance is committed to protecting innocent users and does not welcome bad actors on its platform.
