The money laundering accusations against Tigran Gambaryan, an official at Binance Holdings Limited, were withdrawn by the Federal Government on Wednesday.

The Economic and Financial Crimes Commission has filed $35 million in money laundering accusations against Binance, Gambaryan, its U.S. head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s British-Kenyan regional manager for Africa.

Initially, both Gambaryan and Anjarwalla were held at the National Security Adviser’s office.

However, on March 22, 2024, Anjarwalla escaped from legal custody, and in April, Gambaryan, his counterpart, was arraigned.

The judge ordered his detention to Kuje Correctional Facility after his arraignment.