On Wednesday in Abuja, a court ruled that criminal charges against Gambaryan, a Binance executive who previously served as an IRS criminal investigator for a decade, will be dropped on medical grounds as pressure from the US government has grown to secure Gambaryan's release.

Charges against Tigran Gambaryan, an American held in Nigeria as part of a criminal case against the giant cryptocurrency exchange Binance, have been dropped, Nigerian officials said on Wednesday.

Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan, local news outlet Punch reported first on Wednesday.