Last week, Igor Gambaryan, who served as the head of financial crime compliance at Binance, was released on humanitarian grounds. This came after he spent eight months in Nigerian custody, during which he was charged with money laundering and tax evasion. Gambaryan was accused of committing these crimes as a proxy for Binance, as the Nigerian government alleged that the company was responsible for devaluing the naira.
Despite the serious allegations against him, the Nigerian government has decided to drop both charges against Gambaryan. However, Binance itself still faces accusations of tax evasion in the country.
It remains to be seen how this development will impact Binance’s operations in Nigeria and beyond. The cryptocurrency exchange has been facing increased scrutiny from regulators around the world, and this incident is likely to further fuel concerns about its compliance with financial regulations.
