A Nigerian court has delayed the trial involving cryptocurrency exchange Binance and two of its executives. The trial, originally scheduled for May 2, has been pushed back to May 17 to give the legal team more time to review documents.

The hearing was postponed after Binance’s lawyer did not receive the necessary documents related to the money laundering case. The case involves the exchange, compliance officer Tigran Gambaryan, and regional manager Nadeem Anjarwalla.

According to sources, Binance and its executives are facing allegations of money laundering and conducting financial activities without a license. In February, Gambaryan and Anjarwalla were detained by Nigerian law enforcement. Anjarwalla managed to escape custody in March and left the country illegally.

On April 8, the court dismissed Gambaryan’s defense argument, stating that he should be held accountable for Binance’s operations in Nigeria. Gambaryan, who conducted educational training for local officials on behalf of the exchange, denied any wrongdoing and claimed a violation of his rights. He is currently in a high-security detention center, facing charges of tax evasion and money laundering amounting to $35 million.

For more updates on this ongoing case, stay tuned to Global Crypto News.

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