A Nigerian court has ruled that a detained Binance executive can stand trial as a representative of the popular cryptocurrency exchange platform. Tigran Gambaryan, Binance’s chief financial compliance officer and a US citizen, is facing charges of tax evasion and money laundering in an ongoing case against the exchange. However, Binance has expressed disappointment in the ruling, stating that Gambaryan does not have the authority to make decisions for the company. They believe the charges against him are baseless and are calling for his release while discussions continue between Binance and Nigerian government officials. The judge held Gambaryan accountable due to his role as Binance’s compliance officer. Gambaryan was initially detained in April and has since pleaded not guilty to the charges brought against him, which include operating without a license and obfuscating the origins of funds. Binance CEO Richard Teng has demanded that Nigeria release Gambaryan and has expressed the company’s willingness to cooperate in resolving the tax issues. Binance aims to protect innocent users and has a track record of voluntarily working with law enforcement in the past. It is crucial for investors to conduct thorough research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl, where this article appeared, does not provide investment advice or act as an investment advisor.