Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Crypto Exec Formerly Detained in Nigeria Quits Binance

CryptoExpert by CryptoExpert
June 8, 2025
in Business
0
Crypto Exec Formerly Detained in Nigeria Quits Binance
  • Facebook
  • Twitter
  • Pinterest


You might also like

Santiago Peña Steps Down as Ueno Bank Crisis Rocks Paraguay

Apple, Boeing Reject OKXICE Tokenized Stocks Plan as List of Objectors Hits 62

Thailand to Block Bitget Over Unlicensed Crypto Trading

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

The former Binance executive said he would remain in the crypto industry and highlighted his work aiding law enforcement investigations worldwide in a June 6 X post. Gambaryan added:

“As digital assets increasingly converge with traditional finance and national security, there is a growing need for trusted, experienced operators, people who understand how to translate between technology, enforcement, and compliance.”

“That is where I intend to continue making a difference, whether back in public service or with a mission-driven institution in the private sector,” Gambaryan said.

Binance executive Tigran Gambaryan shares career memories and aiding law enforcement investigations. Source: Tigran Gambaryan

Gambarayn was detained for eight months before being released and leaving Nigeria in October 2024, following a pressure campaign from Binance executives, human rights groups, the crypto community, and US lawmakers advocating for his release, while accusing the Nigerian government of unlawfully detaining the executive.

okex

Related: SEC drops lawsuit against crypto giant Binance

Binance executives detained in Nigeria: A timeline of events

Gambaryan and fellow Binance executive Nadeem Anjarwalla were detained by Nigerian law enforcement in February 2024 after flying to the capital city of Abuja for a meeting with government regulators.

Both executives were charged with money laundering and tax evasion in connection with the Nigerian government’s separate case against Binance.

In response to the litigation and criminal cases, Binance halted all Naira transactions in March 2024, including deposits and withdrawals in the local currency.

Anjarwalla reportedly escaped Nigeria and fled to Kenya that same month, while Gambaryan remained in custody and pleaded not guilty to the charges in April 2024.

During the trial, Gambaryan repeatedly stressed that he could not be held responsible for Binance because he lacked the executive authority to make decisions for the company.

He reportedly suffered from several untreated medical conditions that deteriorated his health while in custody, including malaria and a herniated disc, which worsened due to the conditions of the prison he was held in and attracted international condemnation.

Nigeria’s Federal Inland Revenue Service (FIRS) dropped the tax charges against both Binance executives in June 2024, and the Economic and Financial Crimes Commission (EFCC) dropped the remaining money laundering charges against Gambaryan in October 2024, shortly before his release and departure from the West African country.

Magazine: Coinbase hack shows the law probably won’t protect you: Here’s why



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Santiago Peña Steps Down as Ueno Bank Crisis Rocks Paraguay

by CryptoExpert
November 6, 2026
0
Cointelegraph

Update (Nov. 5, 21:21 UTC): This article has been updated to include comments from X4T founder and CEO David Eisenmann and Tether CEO Paolo Ardoino.Paraguayan President Santiago Peña...

Read more

Apple, Boeing Reject OKXICE Tokenized Stocks Plan as List of Objectors Hits 62

by CryptoExpert
November 5, 2026
0
Apple, Boeing Reject OKXICE Tokenized Stocks Plan as List of Objectors Hits 62

Key TakeawaysApple, Boeing, Home Depot, GE Vernova, ServiceNow, and Nebius Group are the latest companies to object to OKXICE’s tokenized stocks plan, bringing the total number of objectors...

Read more

Thailand to Block Bitget Over Unlicensed Crypto Trading

by CryptoExpert
November 5, 2026
0
Cointelegraph

Thailand’s securities regulator has filed a criminal complaint against BG Limited, the operator of cryptocurrency exchange Bitget, for allegedly operating without a license.Thailand’s Securities and Exchange Commission (SEC)...

Read more

Morgan Stanley Among First to Adopt DTCC’s Tokenization Service

by CryptoExpert
November 5, 2026
0
Morgan Stanley Among First to Adopt DTCC's Tokenization Service

Key TakeawaysMorgan Stanley said it the among first banks to tokenize U.S. equities and Treasuries via DTCC’s new DTS platform.Launched on Oct. 28, DTCC’s DTS platform targets three...

Read more

Bitcoin Giant Strategy’s STRC Hits $100 for First Time Since May After Daily Dividend Shift

by CryptoExpert
November 4, 2026
0
Saylor Says ‘Bitcoin Doesn’t Need CLARITY’ as Senate Delays Vote

Key TakeawaysStrategy’s STRC preferred shares hit $100 on Wednesday for the first time since May, following months of share buybacks and a recent shift to daily dividends.STRC offers...

Read more
Next Post
Bitcoin

Bitcoin Rebound From $100,000 – Healthy Pullback Or Start Of Deeper Correction?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 75,455.00
ethereum
Ethereum (ETH) $ 2,223.51
tether
Tether (USDT) $ 0.999021
bnb
BNB (BNB) $ 688.93
xrp
XRP (XRP) $ 1.19
usd-coin
USDC (USDC) $ 0.999484
solana
Solana (SOL) $ 89.50
tron
TRON (TRX) $ 0.318373
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?