Tigran Gambaryan, a Binance executive, has been released from a Nigerian prison after eight months, coinciding with Nigeria's announcement of a joint crypto task force with the U.S. The charges against Gambaryan, who had been detained due to negotiations over crypto trading regulations, were dropped largely due to health concerns, including malaria. His family expressed relief and gratitude for his release, highlighting the challenges faced during his imprisonment. Meanwhile, the U.S. Department of State unveiled a Bilateral Liaison Group aimed at combating cybercrime, reaffirming cooperation with Nigeria as crypto-related offenses surge globally. Despite Gambaryan's release, Nigerian authorities indicated they would continue pursuing charges against Binance itself. The announcement of the task force comes as the crypto crime landscape intensifies, with a significant percentage of investment fraud now linked to cryptocurrencies.

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