Tigran Gambaryan, head {of financial} crime compliance at Binance Holdings Ltd., has resigned from the corporate.
Gambaryan, a former agent of the US Inner Income Service (IRS), was detained in Nigeria final yr for almost eight months on allegations of cash laundering and forex manipulation.
He had travelled to Nigeria in 2023 on behalf of Binance and was later launched on humanitarian grounds in October after his well being reportedly deteriorated in custody.
The Nigerian authorities subsequently dropped all prices towards him.
In a message to Bloomberg Information, Gambaryan confirmed that Friday is his final day at Binance.
“Tigran has made a long-lasting affect on Binance, simply as he did in his earlier roles in regulation enforcement.
“We’re deeply grateful for his dedication in reworking our {financial} crimes compliance organisation. Due to his tireless efforts, the crypto business is safer for all,” a spokesperson for Binance stated.
Gambaryan joined Binance in 2021 to help its anti-money laundering technique and coordinate with regulation enforcement companies globally amid growing scrutiny on crypto platforms.
Richard Teng, Binance CEO, had earlier claimed in a weblog put up that the corporate was requested for a “secret” cost to resolve its authorized challenges in Nigeria.
Earlier than becoming a member of Binance, Gambaryan was identified for his experience in tracing illicit crypto transactions, incomes him the nickname “Crypto Wizard” in US enforcement circles.