The head of Binance spoke out about the release of Tigran Gambaryan

Tigran Ghambaryan, vice president of global intelligence and investigations at the Binance cryptocurrency exchange, left Nigeria after eight months in custody. About this CoinDesk his family said.

CEO of the trading platform Richard Teng commented on the release of his colleague.

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.…

— Richard Teng (@_RichardTeng) October 24, 2024

Teng emphasized that Binance remains committed to working with global regulators to ensure compliance and transparency in the evolving digital asset space.

Earlier, the Nigerian authorities dropped all charges against Tigran Ghambaryan, releasing him to receive medical care abroad. At the same time, the court did not issue an acquittal, since the consideration of the case on the merits never took place.

Currently, Binance Holdings Limited is the sole defendant in charges of money laundering and currency speculation totaling up to $34.4 million. In a separate case, the company is charged with tax evasion.

Let us remind you that Gambaryan and the director of Binance in West and East Africa, Nadeem Anjarwalla, were detained in Nigeria in February after a meeting with the country’s authorities. The latter managed to escape to Kenya.

Gambarian has been held at the Kuje Correctional Center in Abuja since he was charged in April. Due to the conditions of detention, his physical health deteriorated sharply. The top manager suffers from a herniated disc, as well as bouts of pneumonia, malaria and tonsillitis.

The court twice denied Gambaryan bail.

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