The Nigerian government has ordered the release of Binance executive Tigran Gambaryan, who had been detained for seven months in the country.

According to a local media outlet, a court in Abuja acquitted Gambaryan during a session on Wednesday. This acquittance occurred after the federal government dropped money laundering charges against the Binance executive.

The Wednesday ruling came after Gambaryan was denied bail last week. The presiding court adjourned the executive’s next hearing to October 25 but arraigned him prematurely today and acquitted him of the money laundering allegations. 

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