Nigeria Releases Binance Executive Gambaryan After Dropping $35.4 Million Money Laundering Charges

Oct 23, 2024, 11:57 AM

The Nigerian government has dropped all money laundering charges against Binance executive Tigran Gambaryan, who had been detained in the country since February 2024. Gambaryan, an American citizen and former IRS special agent, was accused by the Economic and Financial Crimes Commission (EFCC) of laundering $35.4 million and currency manipulation. Despite previous bail denials, the Federal High Court in Nigeria ordered his release on health grounds, allowing him to seek medical treatment abroad. The charges were withdrawn following months of diplomatic engagement by the United States, and Gambaryan is now free to return home.