Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter
  • Clacton Arts Centre gallery to celebrate first anniversary
  • Alibaba AI investments start to yield tangible returns for cloud business
  • Tamil Nadu CM Stalin embarks on trip to Germany, UK to attract investments | Latest News India
  • Real Estate for Cryptocurrency in 2025: Where and how to buy
  • MoU inked for investments in decarbonising technologies | Latest News India
  • Why Is Volatility In Cryptocurrency So Unpredictable?
  • GCB Bank cautions public against fraudulent “GCB Investments” platform
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Cryptocurrency»Binance Employee, in Custody for 8 Months in Nigeria, Will Be Released
Cryptocurrency

Binance Employee, in Custody for 8 Months in Nigeria, Will Be Released

October 23, 20242 Mins Read


Nigerian officials said on Wednesday they were preparing to release Tigran Gambaryan, an American who has been imprisoned there as part a criminal case against the giant cryptocurrency exchange Binance, after prosecutors dropped charges against him of money laundering.

Dele Oyewale, a government spokesman, said Mr. Gambaryan was being released on humanitarian grounds after significant declines in his health. Mr. Gambaryan had malaria and dealt with issues stemming from a herniated disk.

“Tigran Gambaryan’s release is necessary for him to receive urgent medical care outside Nigeria, given his worsening health condition,” Mr. Oyewale said in an interview.

Mr. Gambaryan, a former U.S. law enforcement officer, was working for Binance, the world’s largest cryptocurrency exchange, when he was arrested in Nigeria in February and accused of money laundering and tax evasion as part of a sweeping investigation into the company. He was transferred to Nigeria’s notorious Kuje Prison from a government-owned guesthouse in April.

In a court hearing on Wednesday, Nigerian prosecutors dropped the charges against Mr. Gambaryan, according to a court employee, Ahmad Danyaro.

The hearing was held without any public notice, Mr. Danyaro said.

“Tigran Gambaryan was merely an employee of the cryptocurrency firm and had no involvement in the alleged offenses committed by the company,” R.U. Adaba, a lawyer for Nigeria’s Economic and Financial Crimes Commission, said in an interview after the hearing.

Mr. Gambaryan had traveled to Nigeria to meet with local officials about Binance’s business dealings in the country. Nigerian authorities said Binance had harmed the nation’s economy by allowing users to transfer funds out of the local currency, the naira, causing it to collapse.

Nigeria is in the throes of its worst economic crisis in a generation, and government officials have blamed the turmoil on the rise of cryptocurrencies. The Nigerian government made its allegations against Binance shortly after the company agreed to a $4.3 billion settlement with a group of U.S. regulators that had accused it of facilitating money laundering.

In November, Binance’s founder, Changpeng Zhao, stepped down as chief executive and pleaded guilty to a money laundering violations. He was sentenced in April to four months in prison.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025 Cryptocurrency

Real Estate for Cryptocurrency in 2025: Where and how to buy

August 29, 2025 Cryptocurrency

Why Is Volatility In Cryptocurrency So Unpredictable?

August 29, 2025 Cryptocurrency

Eric Trump sees bitcoin hitting $1 million, praises China cryptocurrency role

August 29, 2025 Cryptocurrency

Avalanche (AVAX) holds $24, but experts agree Mutuum Finance (MUTM) is the best Cryptocurrency to buy before 2026

August 29, 2025 Cryptocurrency

How Does Decentralization Shape Cryptocurrency Cybersecurity?

August 29, 2025 Cryptocurrency
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025 Cryptocurrency 3 Mins Read

WESTLAKE, Ohio — Crypto fraudA Westlake resident reported a fraud at 5 p.m. on Aug.…

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025

Tamil Nadu CM Stalin embarks on trip to Germany, UK to attract investments | Latest News India

August 30, 2025
Our Picks

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025

Tamil Nadu CM Stalin embarks on trip to Germany, UK to attract investments | Latest News India

August 30, 2025
Our Picks

Original drawings for National Gallery released including pool plans

August 29, 2025

All On advocates bold renewable energy investments to close Nigeria’s power gap

August 29, 2025

All On Chairman urges bold investments to bridge energy gap in Nigeria 

August 29, 2025
Latest updates

Fraudsters convince victim to put $15,000 into cryptocurrency ATM: Westlake Police Blotter

August 30, 2025

Clacton Arts Centre gallery to celebrate first anniversary

August 30, 2025

Alibaba AI investments start to yield tangible returns for cloud business

August 30, 2025
Weekly Updates

French election this month rattles financial markets as debt woes mount

June 22, 2024

Amazon Retail CEO Urges Cost Cuts to Fund Big New Investments

February 19, 2025

Bitcoin Remains Above $65k—What’s Next For The Cryptocurrency?

May 16, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.