A Nigerian High Court has postponed the money laundering trial involving Binance and its executive Tigran Gambaryan to June 20 due to concerns about the executive's health, as stated by the Economic and Financial Crimes Commission (EFCC) on May 23.

The EFCC disclosed that the defense counsel, led by Mark Mordi, informed the court about Gambaryan's poor health condition, which rendered him unable to stand trial. Local media reports indicated that Gambaryan collapsed during the trial on May 23 and required assistance from his legal team.

Consequently, Mordi requested the court to reschedule the trial to a later date to allow his client to recover properly. He stated:

"Given the second defendant's health condition, it's evident that he is not fit to stand trial today...We request for the defendant to be transferred to Mizamiye Hospital Abuja for treatment, and for the court to direct the Nigerian Correctional Service to provide us with a medical report on the examination they conducted on him in their facility."

Gambaryan, a US citizen who heads Binance's financial crime compliance department, was arrested alongside Nadeem Anjarwalla, Binance's regional manager for Africa, upon their arrival in Nigeria's capital, Abuja, on Feb. 26. Anjarwalla managed to escape custody on March 22.

Gambaryan's continued detention in Nigeria has sparked international outcry, with calls for his release. However, the Nigerian High Court rejected his bail application due to concerns about the risk of flight.

CryptoSlate previously highlighted warnings from crypto stakeholders that Nigeria's ongoing prosecution of Binance and its executives could significantly impact the country's reputation within the web3 ecosystem.

Despite these concerns, data indicates that crypto adoption in Nigeria remains robust, with at least six crypto-related applications among the top 10 most downloaded applications on the Apple App Store. Patrick Hansen, the EU Director of Strategy for Circle, remarked:

"Nigeria is one of the fastest-growing economies globally and projected to be the third most populous country by 2050. Having two self-custody wallets among the top three iOS apps in Nigeria is remarkable, even if only temporarily true."