Tigran Gambaryan Detained.

The federal high court in Abuja has denied the crypto currency firm executive Tigran Gambaryan bail for suspected involvement in money laundering.

Justice Nwite, the judge of the federal high court in Abuja, gave his verdict, stating that he had gone through the bail application but decided to deny the culprit bail out of fear of violating it.

Earlier last week, the Economic and Financial Crimes Commission (EFCC) charged Tigran Gambaryan, the firm executive of Binance Holding Company, and a fellow top executive on the run for money laundering and terrorism financing.