Binance executive Tigran Gambaryan will be released from Nigerian prison, after local courts dropped money laundering charges against him.
Gambaryan has been held since February on money laundering charges. The Nigerian government claims he helped launder $35m in the West African country.
Fellow Binance executive Nadeem Anjarwalla was also arrested but managed to escape the country on a Kenyan passport.
Since being imprisoned, Gambaryan appeared to be suffering from increasingly poor health. A video released in September showed him barely able to walk and seemingly being abused by local police.
A court official in Nigeria said that his release was in part due to the Binance executive’s health and the need for him to get medical treatment abroad. It also appears that Gambaryan, who is a US citizen, received diplomatic support for his release.
“We have withdrawn the money laundering charges against Tigran Gambaryan to allow him to get medical treatment outside the country,” a local court official said.
Binance still faces charges of money laundering in Nigeria. However, it is unclear how those will be pushed forward.
