ChainCatcher news, according to Bloomberg, a Nigerian court has postponed its ruling on the bail application of Binance's financial crime compliance officer Tigran Gambaryan, who has been detained in the country for over six months. U.S. lawmakers have claimed that he is being unjustly held. On Wednesday, the court in the capital Abuja heard several hours of arguments, after which the presiding judge stated that a ruling would be made later, but did not disclose a specific time.Gambaryan's lawyer Mark Mordi told the court that the defendant has required surgery since July 18 and needs urgent medical assistance, but the Nigerian criminal justice system is unable to provide it. However, state prosecutor Ekele Iheanacho argued that the Binance executive has received adequate treatment both in the prison hospital and in another facility in Abuja used by senior government officials.

ChainCatcher news, a Nigerian court has denied the bail application of Binance's financial crime compliance officer Tigran Gambaryan. Judge Emeka Nwite believes that if the application of the Binance executive were approved, he might not continue to appear in court. A Binance spokesperson expressed disappointment and sadness over the ruling. The court will adjourn until May 23 for cross-examination.

ChainCatcher news, according to the Nigerian National Newspaper, the Federal High Court in Abuja, Nigeria, has denied the bail application of Binance executive Tigran Gambaryan. He is on trial for alleged money laundering. In Friday's ruling, Judge Emeka Nwite stated that Gambaryan poses a flight risk if granted bail.Judge Nwite agreed with the prosecution lawyer Ekele Iheanacho's argument that it would be unwise to grant Gambaryan bail, given that his co-defendant, Nadeem Anjarwalla, the regional manager for Binance in Africa, had previously escaped from custody.

ChainCatcher news, according to Cointelegraph, the attorney for former OpenSea product manager Nathaniel Chastain submitted a letter to the U.S. District Court in New York, informing the judge that Chastain has decided to withdraw his bail application during the appeal. Therefore, in accordance with the court's previous orders and judgments, Chastain will surrender by November 2 and begin serving his sentence during the appeal.Previous news, former OpenSea product manager Nathaniel Chastain was sentenced to 3 months in prison and fined $50,000 for insider trading.

ChainCatcher news, according to court documents, the circuit judge denied the SBF legal team's motion to immediately bail SBF out of the Brooklyn Metropolitan Detention Center. SBF's lawyers had requested temporary release from the court, and the pre-trial release motion will now be submitted to a panel of three judges, while SBF's criminal trial is set to take place on October 3 in the Southern District Federal Court of New York.

ChainCatcher news, according to Reuters citing sources, FTX founder Sam Bankman-Fried (SBF) has submitted a new bail application to the Supreme Court of the Bahamas, after a local judge denied SBF's bail request on Tuesday. (Reuters)