Nigeria Releases American Binance Executive Tigran Gambaryan Amid Health Concerns

Oct 23, 2024, 11:02 AM

The Nigerian government has dropped all money laundering charges against Binance executive Tigran Gambaryan, who had been detained in the country for over seven months since February 2024. Gambaryan, an American citizen and Binance's Head of Financial Crime Compliance, was released following a court order, reportedly due to health concerns. Despite previous bail requests being denied, the Economic and Financial Crimes Commission (EFCC) withdrew the charges and announced that the case against Binance would continue without his involvement. US lobbying efforts may have influenced his release.