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Nigerian authorities have rescheduled the trial of Binance high-ranking executive Tigran Gambaryan to Sept. 2, which is a month earlier than the initial schedule.  The Nigerian court made the decision after Gambaryan’s defense team requested to expedite the hearing, citing health issues. Binance urges U.S. intervention as detained Nigerian executive's health worsens, hearing date moved up. The more we speak out, the more likely the Nigerian federal government will address this issue. Please support the Tigran family. Support #Freetigran + RT @Binance family pic.twitter.com/OuAA0lASQV — OMO 🔶 BNB (@Crypto_omo) August 27, 2024 Gambaryan was arrested on accusations of money laundering and financial crimes amounting to $34 million after being lured to Nigeria for a business meeting in February 2024. Gambaryan was arrested together with fellow executive Nadeem Anjarwalla, who later managed to escape, leaving Gambaryan to face the charges alone.  Rich...

Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF’s trial day 4. Former FTX CTO Gary Wang named founder Sam Bankman-Fried as a co-conspirator of fraud on day 3 of SBF’s trial. Paradigm’s Matt Huang said his VC marked down $278 million invested in Sam’s crypto exchange and Adam Yedidia detailed a “code error” that fostered Alameda’s unusual overcast on customer assets. Amid caches of overruled defense objections and the prosecution’s search for smoking guns, curtains closed on the third day of Sam Bankman-Fried’s trial for fraud. The former FTX CTO testified to acts of wire fraud, securities fraud, and commodities fraud. Wang, who worked for both FTX and Alameda, said Caroline Ellison, Nishad Singh, and Sam Bankman-Fried were in on it too. SBF has denied criminal wrongdoing, but the other three pled guilt...

Consequently, this arises from charges related to the dramatic collapse of FTX in November 2022. Additionally, a notable point of contention has been Bankman-Fried’s decision to share the personal writings of his former associate and ex-romantic interest, Caroline Ellison, with a journalist from The New York Times. advertisement Defending Reputation or Witness Tampering? Bankman-Fried ‘s lawyers emphasize that the sharing of Ellison’s documents was aimed at protecting his tarnished reputation. Hence, they argue that a witness promising to testify against someone cannot be realistically threatened by a renowned newspaper’s publication of their own words. However, U.S. District Judge Lewis Kaplan had other views. On August 11, he revoked Bankman-Fried’s bail, suspecting witness tampering after the disclosures. Moreover, Ellison, formerly in a key position in Bankman-Fried’s circle, has pled guilty to fraud. Besides Ellison, two ot...

Also Read: Microsoft Partners With Aptos Labs For AI And Web3 Fusion, APT Token Spikes 18% advertisement On Wednesday, Judge Torres issued a pre- trial scheduling order that said the Court wants to schedule a jury trial for the second calendar quarter of 2024. This could be a massive development at a time when the Crypto Market has been anticipating an appeal request from the US SEC. The pre trial scheduling order could mean that the Summary Judgment will hold to be status quo until the second quarter of 2024 and further till the time the agency does not seek an interlocutory appeal. What Judge Analisa Torres Said In The Order The Judge said in the order the Court will seek to schedule a jury trial for the second quarter of 2024 and that both parties should submit blackout dates for trial by August 23, 2023. Further, the two sides should submit all the pre trial files, and are open to submit motions in limine , which refer to motions before the tr...