Tigran Gambaryan, after spending eight months in Nigerian detention, has resigned from Binance, signaling a continued commitment to crypto compliance and reform.
Tigran Gambaryan, a senior Binance executive, has resigned following his eight-month detention in Nigeria, marking a turning point in crypto-regulatory relations. Arrested in February 2024 during a compliance visit, Gambaryan was charged with money laundering and tax evasion, amid Nigeria’s crackdown on Binance.
While fellow executive Nadeem Anjarwalla escaped custody, Gambaryan remained detained, facing serious health issues. The Federal Inland Revenue Service and the Economic and Financial Crimes Commission dropped all charges by late 2024, and Gambaryan was released and repatriated to the U.S.
In a statement reported by COINOTAG, he emphasized the need for “bridging technology, law enforcement, and compliance” in the digital asset space. Despite his departure from Binance, he signaled continued involvement in crypto, potentially in public service or mission-driven institutions.
His case sparked international outcry, prompting debates over crypto regulation, human rights, and operational risks in emerging markets. Binance had suspended Naira-related transactions in March due to the legal battle, which severely impacted its Nigerian operations.