The Nigerian government has retracted the money laundering charges against Tigran Gambaryan, an executive of Binance Holdings Limited.
Recall that in April of this year, the Economic and Financial Crimes Commission (EFCC) charged both Binance, a cryptocurrency company, and Gambaryan with alleged money laundering offences.
Gambaryan, a citizen of the United States, has been in custody since February due to a crackdown on the cryptocurrency firm concerning alleged manipulation of the naira.
A representative of the EFCC informed the Federal High Court in Abuja on Wednesday about the withdrawal of the charges.
In his statement, the lawyer clarified that Mr. Gambaryan was simply an employee of Binance and that the prosecution was based on his actions within the company.
