Binance exec released from Nigerian prison

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“We have withdrawn the money laundering charges against Tigran Gambaryan to allow him to get medical treatment outside the country,” a local court official said.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.

Latest News

EU regulators are dorks

European regulators will probably ban event contracts, allowing US firms to dominate another market. Also we look at the Axi stockbroker deal.

More Articles

The Exness rebrand

We speak to CMO Alfonso Cardalda about the company's rebrand, marketing strategies, and his own background.

Can brokers start prop firms?

And we speak to Chariton Christou about how AI can improve your dealing desk

MetaQuotes attacks prop firms

FPFX ends Funded Engineer

IC Markets may launch prop firm

And we take a return trip to the Turkish Gold Bazaar