A Nigerian court closed the case against Binance CEO Tigran Gambarian

24 October 2024 1 minute Author: Newsman

A Nigerian court unexpectedly closed the case against Tigran Gambarian, Head of Financial Security at Binance and a former high-ranking investigator for the US Internal Revenue Service (IRS). Gambarian had been in custody in Nigeria since February 2024 on charges of money laundering and tax evasion, but the court decided to release him due to his deteriorating health.

Tigran Gambarian, known for his involvement in the investigation of major cryptocurrency cases such as Silk Road and Alphabay, was detained after a meeting with Nigeria’s financial regulator. He was accused of manipulating the exchange rate of the Nigerian currency through cryptocurrency trading on the Binance platform. Although the case against Gambarian was closed, the Nigerian government will continue to investigate the activities of the Binance platform itself.

He is a well-known figure in the field of financial crimes, in particular, in the field of cryptocurrencies. After a long career with the IRS, where he helped solve a number of high-profile cryptocurrency crimes, Gambarian joined Binance in 2021 to lead the fight against illegal trading on the platform. His arrest in Nigeria comes amid growing tensions over the impact of cryptocurrencies on the country’s economy.

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