BREAKING: Nigerian Government Drops Charges Against Binance Executive

The Nigerian government has dropped all charges against Tigran Gambaryan, a Binance executive, following considerable controversy over his detention.

Gambaryan had faced allegations of money laundering linked to $34.4 million and had reportedly suffered declining health while in custody. Despite multiple bail requests from his lawyers, the court denied them due to flight risk concerns.

The decision to dismiss the charges came during a discreet court session, where it was emphasized that Gambaryan was merely an employee of Binance without control over financial decisions. Diplomatic negotiations between U.S. and Nigerian officials likely played a role in this outcome.

Gambaryan’s health was a focal point throughout the trial, but a judge had previously dismissed bail requests, claiming the correctional facility could manage his medical needs.

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With the case now concluded, Gambaryan, who has been held at Kuje Correctional Centre since April, will be released. However, Binance remains under scrutiny for separate tax evasion allegations in another investigation.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.