The Economic and Financial Crimes Commission (EFCC) has dropped all charges against Tigran Gambaryan, an executive with Binance Holdings who has been in detention since April.
The anti-graft agency will proceed with the money laundering case against Binance without Gambaryan because he was only an employee and not involved in business decisions.
The government has blamed cryptocurrencies for much of its recent economic turmoil. Binance is accused of harming the nation’s economy by allowing users to transfer funds from the local currency, the naira, leading to its collapse.
Tigran Gambaryan, a former U.S. Federal agent and Binance employee has been held at the Kuje Correctional Centre in Abuja on money laundering charges. Gambaryan pleaded … Read more »
An executive from cryptocurrency exchange Binance has escaped custody in Nigeria during a criminal investigation into the platform’s alleged involvement in money launder Read more »
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