The United States has appreciated the Nigerian government for releasing the Binance Holdings Limited executive, Tigran Gambaryan.

Mr Gambaryan, an American and senior employee at the cryptocurrency exchange, who had been detained since February, was released on Wednesday.

The Binance executive and the exchange British Kenya regional manager for Africa, Nadeem Anjarwalla, had been facing money laundering charges to the tune of $35 million brought against them by the Economic and Financial Crimes Commission.

But in a statement from the office of the National Security Advisor, the U.S. government confirmed that Mr Gambaryan was released by the Nigerian government on humanitarian grounds.

“I am pleased that American citizen and former U.S. law enforcement official Tigran Gambaryan has been released on humanitarian grounds by the Nigerian government and he is on his way back to the United States so that he can receive needed medical attention. As soon as we secured Mr Gambaryan’s release, I called his wife Yuki to share this good news. I am grateful to my Nigerian colleagues and partners for the productive discussions that have resulted in this step and look forward to working closely with them on the many areas of cooperation and collaboration critical to the bilateral partnership between our two countries,” the statement signed by Jake Sullivan read.