Tigran Gambaryan, an executive at Binance, has been acquitted of all charges by the Nigerian government, resulting in his immediate release. This decision came as a significant relief following his detention since February.
The Economic and Financial Crimes Commission (EFCC) formally requested the withdrawal of the case at the Federal High Court in Abuja on October 23, 2024. This development marks a pivotal moment for Binance in Nigeria, highlighting the complexities of regulatory interactions in the region.