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Crypto Exec, formerly held in Nigeria, stops Binance


Tigran Gambaryan, Binance CEO for several months by Nigerian officials before his release in October 2024, announced his official resignation from the company on June 6.

The former Executive Director of Binance said that he will remain in the encryption industry and his most prominent work in achieving law enforcement investigations worldwide on June 6 x mail. Gambary added:

“With the increasingly contradicting digital assets with traditional financing and national security, there is an increasing need for trusted operators with experience and people who understand how to translate between technology, enforcement and compliance.”

“This is the place where I intend to continue to make a change, whether again in public service or with an institution that relies on the task in the private sector,” said Gambary.

Nigeria, Binance
Tigran Gambaryan Executive Binance shares functional memories and assisting law enforcement investigations. source: Tigran Gambaryan

Gambarayn was detained for eight months before his release Nigeria leaving in October 2024After a Campaign from Binance Executive ManagersHuman rights groups, encryption community, and American lawmakers are defending his releaseWhile the Nigerian government is accused of detention of the executive authority illegally.

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Binance executives detained in Nigeria: a timetable for events

Gambary and his executive colleague, Nadim Anjarwalla, was It was detained by Nigerian law enforcement In February 2024, after traveling to the capital of Abuja to attend a meeting with government organizers.

Both executives have been accused of money laundering and tax evasion regarding the separate issue of the Nigerian government against Binance.

In response to litigation and criminal cases, Binance All bright transactions have been suspended In March 2024, including deposits and clouds in local currency.

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Anjarwala According to Nigeria, Nigeria He fled to Kenya in the same month, while Gambary remained in reservation He admitted that he is not guilty To the charges in April 2024.

During the trial, Gambarian has repeatedly stressed that he could not bear Binance’s responsibility because he lacks the executive authority to make decisions for the company.

And according to what he suffered from Many unspecified medical conditions This deteriorated his validity during his detention, including malaria and a hernia, which worsened due to the prison conditions in which he was detained and attracted international condemnation.

The Nigerian Federal Inventure (First) The tax fees were dropped Against Bonance CEOs in June 2024, and the Economic and Financial Crime Committee (EFCC) The remaining money laundering fees were dropped Against Gambary in October 2024, shortly before his release and departure from the country of West Africa.

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