1 month ago
31887
ARTICLE AD BOX
The Nigeria Government has dropped all charges against Binance executive Tigran Gambaryan after controversies peaked over the case. The Nigerian authority has denied bail to Gambaryan despite requests from his lawyers citing his deteriorating health conditions. However, this latest development has caught the eyes of the market participants, with many lauding the decision.
Nigeria Drops Charges Against Binance Exec Tigran Gambaryan
The detention of Tigran Gambaryan by the Nigerian government has sparked widespread discussions in the international market, let alone the crypto sector. Notably, the executive at Binance Holdings was detained in Nigeria on allegations of money laundering linked to $34.4 million.
The trial had drawn international attention, especially as Gambaryan’s health deteriorated while he remained in custody. Despite pleas from his lawyers citing his declining health, the Nigerian court repeatedly denied his bail, viewing him as a potential flight risk.
However, the case took a sharp turn when the Nigerian government suddenly dropped all charges against Gambaryan in a discreet court session. According to a statement made during the hearing, Gambaryan was merely an employee of Binance and not responsible for the company’s overall financial decisions, Premium Times reported.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
English (US) ·