Binance Executive Leaves Company After 8-Month Detention in Nigeria

Binance executive Tigran Gambaryan is leaving the exchange after eight months of detention in Nigeria on money laundering allegations.

Having been cleared of all charges, Gambaryan’s departure from Binance marks the end of a tumultuous chapter for both him and the company.

Earlier today, Tigran Gambryan shared an X post, announcing his departure from Binance. He wrote, “Today is my last day at Binance, marking the end of a chapter I’m deeply proud of.”

In a heartfelt farewell, Gambaryan reflected on his four-year tenure at Binance, where he built and led the company’s global investigations function. Addressing founder Changpeng Zhao, he praised his commitment to building a stronger compliance framework.

Further, he highlighted the team’s notable achievements during his tenure. Notably, the team handled over 57,000 law enforcement requests and provided critical support in cases involving financial crimes. He has also led the training of thousands of officials worldwide.

To exemplify, he highlighted cases like assisting the Royal Thai Police. The team helped them in taking down a massive $270 million crypto fraud scheme targeting citizens in Thailand and the US.

He also pointed to the collaboration with Nigeria’s EFCC to recover over $400,000 in illicit funds and provide advanced training to their agents.

#TrumpVsMusk #MarketPullback #CircleIPO #BlackRockETHPurchase #Binance