Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Tigran Gambaryan, a Binance executive, will remain in custody in Nigeria until at least May 17, following a decision by Justice Emeka Nwite of the Federal High Court in Abuja. The Economic and Financial Crimes Commission (EFCC) has urged the court to deny Gambaryan's bail application, citing risks associated with his release amidst his ongoing money laundering trial. The bail hearing, initially set for an earlier date, has been postponed to May 17. Gambaryan's legal representation has argued that his detention amounts to 'state-sanctioned hostage-taking.'
US prosecutors request three-year prison sentence for #CZ 🚓🚨👀 Do you think this is fair? 🤔 Click below for the full report 👇👇👇 https://t.co/DFd0pXjuxK https://t.co/DhjA90GFcr
🚨ICYMI: The US DOJ is seeking 36 months for CZ. For what it’s worth we don’t think he’ll get any jail time. We think he’ll get his fine, have to wear an ankle monitor, do some house arrest, have his travel restricted, and that’s basically it. Similar to Arthur Hayes of BitMEX. https://t.co/cgwLhjKofc
CZ has not been accused of running a Ponzi scheme or theft. However, he could face jail time because the government wants to stage a public spectacle in the crypto industry, akin to a public square execution from historical times. Let’s not forget that it was SBF who paid…