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.Tigran Gambaryan,

Binance's head of financial 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.

Binance issued a statement following the Nigerian government's decision to deny Binance executive's Tigran Gambaryan bail.

A federal high court in Abuja has denied bail to Tigran Gambaryan, an executive of Binance Holdings Limited, despite serious health concerns. Judge Emeka Nwite ruled on Friday that the bail application constituted an abuse of court process, as Gambaryan had already filed an appeal on a previous ruling.

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,

Binance Executive Tigran Gambaryan will not leave Nigerian prison as expected as a Judge just denied his request for bail.

Tigran Gambaryan, Binance's head of financial crime compliance, has been detained in Nigeria since February. ・Nigerian court denies bail request for Binance executive on health grounds. ・Tigran Gambaryan,