Judge in Nigeria postpones Binance and Executs’ trial until May 17

The money laundering trial against cryptocurrency exchange Binance and two of its executives was postponed by a Nigerian court on Thursday until May 17. This decision was made after the exchange’s attorney claimed he had not received the necessary paperwork to prepare for the case.

Binance and its executives, British-Kenyan Nadeem Anjarwalla, a regional manager for Africa, and U.S. citizen Tigran Gambaryan, head of financial crime compliance, have been accused of laundering over $35 million and conducting specialized financial transactions without a license.

Each of them entered a not guilty plea.

In court on Thursday, Binance’s attorney expressed dissatisfaction over not receiving the extra evidence that would have helped him be ready for the case and start the trial.

He was then served in court, and the judge postponed until May 17 so he could review the over 300-page document.

The Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft agency, is prosecuting Binance and its officials on four counts of tax evasion in addition to the money laundering case. The trial is scheduled to recommence on May 17.