• Nigeria withdrew money laundering charges against Binance’s Tigran Gambaryan after U.S. diplomatic pressure and legal agreements.
• Tigran Gambaryan was released following unsuccessful bail attempts due to health concerns and legal arguments.
• Despite Gambaryan’s release, Binance still faces unresolved tax evasion charges in Nigeria, amid global regulatory challenges.

Binance Holdings executive, Tigran Gambaryan, is free after the Nigerian government dropped money laundering charges against him. Gambaryan, held since April, was accused of laundering $34.4 million. The Economic and Financial Crimes Commission (EFCC) made the announcement at the Federal High Court in Abuja just days before the next hearing scheduled for October 25.

Gambaryan, a U.S. citizen, was ultimately cleared after the prosecution confirmed he was an employee and not involved in Binance’s financial decisions. His release follows intense diplomatic efforts by U.S. off…

The post Binance Executive Walks Free as Nigeria Drops Money Laundering Charges appeared first on Coin Edition.

• Nigeria withdrew money laundering charges against Binance’s Tigran Gambaryan after U.S. diplomatic pressure and legal agreements.
• Tigran Gambaryan was released following unsuccessful bail attempts due to health concerns and legal arguments.
• Despite Gambaryan’s release, Binance still faces unresolved tax evasion charges in Nigeria, amid global regulatory challenges.

Binance Holdings executive, Tigran Gambaryan, is free after the Nigerian government dropped money laundering charges against him. Gambaryan, held since April, was accused of laundering $34.4 million. The Economic and Financial Crimes Commission (EFCC) made the announcement at the Federal High Court in Abuja just days before the next hearing scheduled for October 25.

Gambaryan, a U.S. citizen, was ultimately cleared after the prosecution confirmed he was an employee and not involved in Binance’s financial decisions. His release follows intense diplomatic efforts by U.S. off…

The post Binance Executive Walks Free as Nigeria Drops Money Laundering Charges appeared first on Coin Edition.