Tigran Gambaryan, a Binance executive, has been released after eight months in a Nigerian prison, where he was detained amid negotiations over crypto trading restrictions. Following his release, his family confirmed he has left Nigeria. This development coincides with the announcement of a joint U.S.-Nigeria task force aimed at combating crypto-related crimes. Gambaryan's wife expressed relief at his release, noting the toll the ordeal took on their family. The U.S. Department of State has pledged assistance in enhancing Nigeria's cybercrime investigation capabilities. Concurrently, Nigeria intends to pursue charges against Binance. This release comes amidst a surge in global crypto crime, with significant financial losses reported. With Nigeria's booming crypto market, the Securities and Exchange Commission is also implementing stringent regulations, necessitating industry compliance within strict timeframes.

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