Nigeria frees Binance exec, Ripple appeals SEC XRP ruling: Law Decoded

The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.

On Oct. 23, the Nigerian government dropped all charges against Binance executive Tigran Gambaryan, who has been detained in a Nigerian prison for more than seven months. 

The withdrawal of charges was announced by a lawyer representing the country’s government prosecutor, the Economic and Financial Crimes Commission (EFCC).

The lawyer representing the EFCC said that Gambaryan, a United States citizen, was not serving a key role at the cryptocurrency exchange Binance — whose activities were the target of the prosecution.

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