Nigeria dropped charges against Binance's head of financial crimes, Tigran Gambaryan, in a case of laundering more than $35 million for his treatment abroad, but the investigation against Binance for tax violations continues 💰

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The Nigerian government dropped money laundering charges against Binance executive Tigran Gambaryan so he could receive medical treatment abroad, the government's lawyer said on Wednesday.

Gambaryan, a U.S. citizen and head of financial crimes at Binance, has been detained in Nigeria since late February on charges of laundering more than $35 million. Gambaryan and Binance deny all charges.

The government will continue its investigation into Binance's money laundering case but without Gambaryan's involvement. Separate tax evasion charges against Binance remain in place. Binance also denies these charges.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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