Binance executive released by Nigerian court as charges are dropped
Tigran Gambaryan, head of financial crime compliance at cryptocurrency company Binance, was released on Wednesday, October 23, by a Nigerian court.
Gambaryan had been in custody since February, facing accusations of money laundering involving $35 million.
The charges were dropped after the Nigerian government dismissed the case, reportedly due to diplomatic pressure from Washington.
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Gambaryan was held at Kuje prison and is now expected to seek medical treatment overseas.
Although the charges against him have been withdrawn, Binance continues to face legal challenges, with a trial scheduled for November.
This is not the first legal issue for Binance, as the company has faced similar allegations, including failing to prevent transactions that benefited terrorist groups.
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