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Tigran Gambaryan, Binance's head of financial crime compliance, has been released from Nigerian custody after charges against him were dropped. His release follows months of diplomatic negotiations and concerns over his deteriorating health, including malaria and pneumonia. Gambaryan is now returning to the U.S. for medical treatment.
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Changpeng Zhao, founder of Binance, discusses his life post-incarceration and his future plans. Following his release from a US prison, Zhao has distanced himself from Binance's leadership while witnessing a surge in his wealth due to Donald Trump's election victory, which has positively impacted cryptocurrency markets.
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FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, alleging that $1.76 billion was fraudulently transferred during a share repurchase deal in 2021. The lawsuit claims that FTX and its sister company Alameda Research were insolvent at the time, making the transaction invalid.