Nigeria has dropped money laundering charges against Binance executive Tigran Gambaryan, who had been detained since February.

The Charges Dropped

On Wednesday, the Nigerian government officially dropped the money laundering charges against Gambaryan in the Federal High Court in Abuja. Gambaryan, Binance’s Head of Financial Compliance, had been detained for several months, with his health reportedly deteriorating during this period.

Legal and Health Concerns

Gambaryan's health issues had drawn widespread attention, with Binance CEO Richard Teng publicly demanding his release. Gambaryan had been suffering from multiple health conditions, including pneumonia, malaria, and a herniated disc. His bail was previously denied on medical grounds, further sparking controversy.

Next Steps for Binance

While the charges against Gambaryan have been dropped, the Nigerian government continues its case against Binance on separate money laundering and tax evasion charges. Gambaryan’s wife and family have called for further U.S. intervention to bring him home, and the case continues to be a focal point in the cryptocurrency legal landscape.
Read the full article on theblock.