Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, announced he’s leaving the crypto exchange after four years — and months after enduring a dramatic eight-month detention in Nigeria.
Why it matters
Gambaryan, a former IRS special agent, played a key role in Binance’s efforts to legitimize its operations amid growing regulatory scrutiny.
What he’s saying
“I’ve done all that I can at Binance, and need to refocus my time and efforts towards new challenges,” Gambaryan wrote on LinkedIn.
He’s now eyeing opportunities in the public sector or a mission-driven private organization.
Catch up quick:
- Gambaryan joined Binance in 2021 and built a 100-person team of ex-prosecutors, agents, and compliance experts.
- Under his leadership, Binance responded to 57,000+ law enforcement requests.
- His departure comes as Binance continues a leadership shake-up that started in 2023.
Zoom out:
- Binance founder Changpeng “CZ” Zhao stepped down last year as part of a U.S. plea deal over anti-money laundering violations.
- At least 16 top executives have left the exchange in the past two years, including Chief Strategy Officer Patrick Hillmann and Compliance SVP Steven Christie.
- Current CEO Richard Teng, a former regulator, has steered Binance toward a more corporate, compliance-first direction.
Between the lines
Gambaryan’s profile rose dramatically in 2024 when he was detained by Nigerian authorities over allegations tied to his Binance role. He was released last fall after a health scare during his confinement.
What’s next
Gambaryan says he’ll continue working at the intersection of technology, enforcement, and compliance.
“There’s a growing need for trusted, experienced operators… That’s where I intend to continue making a difference,” he wrote.
Source: Decrypt
