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