Binance Executive Released by Nigerian Court

A Nigerian court has freed Binance executive, Tigran Gambaryan, following the dismissal of money laundering charges against him by the Economic and Financial Crimes Commission (EFCC). This release allows Gambaryan to seek medical attention abroad, though tax evasion allegations against Binance remain unresolved.

Gambaryan, a financial crime compliance officer for Binance, had been held in Kuje prison since February, accused of laundering over $35 million. Although the charges against him have been withdrawn, the EFCC stated that legal proceedings against Binance will continue.

Diplomatic efforts played a key role in securing his release, with his wife, Yuki, voicing concerns over his deteriorating health. Despite Gambaryan’s release, Binance still faces separate tax-related claims in Nigeria, which the company denies.