Binance's head of financial crime compliance was denied bail for a second time on Friday as his trial on money laundering charges started in Nigeria, with a judge ruling that the prison in which he is being held is capable of meeting his medical needs.

A Nigerian court on Friday rejected a bail application on health grounds for a Binance Holdings Ltd. executive standing trial on allegations of money laundering and currency manipulation, while instructing the prison to refer him to hospital for treatment.

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A Federal High Court in Abuja has rejected the fresh bail application by detained Binance executive Tigran Gambaryan. Justice Emeka

A Nigerian court rejected a bail application from Binance executive Tigran Gambaryan due to health concerns, instructing the prison to refer him to a hospital for treatment.

A Nigerian court based in Abuja has denied a bail plea from a Binance executive who was arrested in February for money laundering allegations. The executive filed a bail plea to the court on his ill health,

A Nigerian court rejected a bail application on health grounds Friday for a Binance Holdings Ltd. executive standing trial on allegations of money laundering and currency manipulation.