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.
Gambarayn was detained for eight months before his release and left Nigeria in October 2024, after a pressure campaign from Binance executives, human rights groups, the encryption community, and American legislators defending his release, while accusing the Nigerian government of illegal detention.
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Binance executives detained in Nigeria: a timetable for events
Gambarian and his executive colleague Bens Ndim Anjarwala were arrested by Nigerian law enforcement in February 2024 after he traveled 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 stopped all Nair transactions in March 2024, including deposits and clouds in local currency.
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According to Anjarwalla, Nigeria fled and fled to Kenya in the same month, while Gambary remained in detention and acknowledged that he was not guilty of 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.
According to what was stated, he suffered from many unaccounted medical cases that deteriorated during its detention, including malaria and a hernia, which worsened due to the prison conditions in which he was detained and attracted international conviction.
The Federal Revenue at Nigeria (FIRS) dropped the tax charges against both executives in Binance in June 2024, and the EFCC Crime Committee (EFCC) dropped the remaining charges of money laundering against Gambarian in October 2024, shortly before its launch and departure from the Western State of West Africa.
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