In a significant development, the trial of Binance executive Tigran Gambaryan, detained in Nigeria since February, has been rescheduled to October 25 to allow him to seek medical treatment. The move comes after a court in Abuja dismissed his bail plea due to health concerns, ordering him to be transferred to a hospital for medical care.

Gambaryan's lawyer has consistently highlighted his deteriorating health condition, which requires surgery. His wife, Yuki Gambaryan, has also pleaded with the Nigerian government to release her husband on humanitarian grounds, citing the need for "highly specialized and risky surgery" to treat his herniated disc.

The Binance executive's arrest is linked to a nationwide crackdown on cryptocurrency exchanges in Nigeria, which officials claim are fueling a clandestine market for foreign cash. The exchange suspended all transactions and trading in Nigeria's naira following the crackdown.

The case has sparked concerns among US legislators, who argue that Gambaryan's detention is unreasonable. The development also highlights the challenges faced by cryptocurrency exchanges operating in Nigeria, where they are accused of facilitating illegal foreign exchange transactions.