Nigeria Drops Charges Against Binance Executive Tigran Gambaryan

The release allows Gambaryan to seek medical treatment abroad after eight months of detention amid diplomatic pressure.

Tigran Gambaryan, a U.S. citizen and Binance's financial crime compliance head, was detained in Nigeria since February on money laundering charges.
The Nigerian authorities dropped charges due to Gambaryan's deteriorating health, allowing him to return to the U.S. for medical care.
Diplomatic efforts, including pressure from U.S. officials, played a key role in securing Gambaryan's release.
Despite Gambaryan's release, Nigeria continues to pursue legal action against Binance for alleged tax evasion and financial misconduct.
Gambaryan's detention highlighted the broader tensions between Nigeria and cryptocurrency exchanges amid economic challenges.