After six months, the Nigerian government has dropped all money laundering charges against Binance executive Tigran Gambaryan.

It comes barely a month after the release of Binance founder and former CEO Changpeng Zhao (CZ) from California’s Lompoc II detention center.

Binance’s Tigran Gambaryan Charges Dropped

In a recent development, a lawyer representing the prosecuting agency disclosed the withdrawal of the charges at the Federal High Court in Abuja. They withdrew the charges on Wednesday morning after possible “behind-the-scenes diplomatic lobbying” between the Nigerian and US governments.

“Wednesday’s hearing was a climax of the behind-the-scenes diplomatic lobbying that had been ongoing between Nigerian and the US government figures for months for the release of Mr. Gambaryan, who has been denied bail on two occasions because the judge considered him to be a flight risk,” local media reported.

Read more: Binance Review 2024: Is It the Right Crypto Exchange for You?

Notably, Mr. Gambaryan is a US citizen. This moved 18 US attorneys general to write a letter demanding that President Biden designate Binance’s Gambaryan as a hostage in Nigeria.

As BeInCrypto reported, they argued that his detention was unlawful. They also said Gambaryan’s holders put him under life-threatening conditions in the African country.

The letter came a day after the trial judge Emeka Nwite determined that October 25 would be the official hearing date. This latest development, coming two days prior to the due date, therefore, adds credence to the possibility of private negotiations, potentially to avoid public attention.

According to the report, the lawyer representing the prosecuting agency announced the withdrawal of th

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Author: Lockridge Okoth

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