Nigerian authorities have freed Tigran Gambaryan, a Binance executive who had been held in custody since February.
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Charges against Tigran Gambaryan, head of financial crime compliance at Binance, were dropped by the Nigerian authorities on Wednesday and he was released from their custody.
Gambaryan was released on humanitarian grounds after his health deteriorated while in jail.
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Gambaryan was standing trial on allegations of money laundering and currency manipulation. Binance also faces charges and the trial against the company will continue.
What They’re Saying
Richard Teng, the current CEO Binance put out this statement after Gambaryan’s release:
“We are deeply relieved and grateful that Tigran Gambaryan has finally been released after enduring nearly eight months of detention in Nigeria. Throughout this difficult period, Tigran has shown immense strength, and we commend his resilience in the face of such severe adversity. We are deeply thankful to everyone who dedicated countless hours to support Tigran’s release.
Tigran’s health and well-being remain our top priority, and we are thankful he can now receive the medical care and rest he so urgently needs alongside his family.
Binance remains committed to collaborating with global regulators to ensure compliance and transparency in the evolving digital asset space. We are eager to put this episode behind us and continue working toward a brighter future for the blockchain industry around the world.“
