The Federal Government has withdrawn all charges against Binance Holdings executive Tigran, who had been held in detention since April on money laundering allegations.

The Economic and Financial Crimes Commission (EFCC) announced the withdrawal during an unscheduled hearing at the Federal High Court in Abuja before Justice Emeka Nwite. The hearing came two days ahead of the previously scheduled October 25 court date.

The EFCC counsel explained that Gambaryan, a U.S. citizen, was merely an employee of Binance and not involved in the company’s broader decision-making. This position was supported by defense counsel Mark Mordi, who emphasized his client’s limited role in the organization’s financial operations.

The development follows Justice Nwite’s earlier rejection of Gambaryan’s second bail application on October 11, where the court had ruled that his health concerns were insufficient grounds for release. A subsequent court appearance scheduled for October 18 was missed by Gambaryan due to health issues, according to prison authorities.