The post Binance CEO asks U.S. to act as detained employee suffers in Nigeria appeared on BitcoinEthereumNews.com.

Six months. That’s how long Binance’s Tigran Gambaryan has been detained in Nigeria under conditions that have rapidly deteriorated both his physical and mental health.  According to Binance CEO Richard Teng, Tigran is in serious pain and unable to walk due to a herniated disc. Despite his dire condition, the Nigerian government has denied him basic medical care, including something as simple as a wheelchair. What makes this even more alarming is that Tigran’s access to legal counsel has been cut off, even as his trial began on September 2. Richard claims this move is unconstitutional by Nigerian standards, yet the authorities continue to ignore it.  A Nigerian court had previously ordered the government to release Tigran’s medical records, but they’ve been dragging their feet for months. Just this week, they went a step further by denying him access to his US consulate representative. Flimsy allegations So, why is Tigran still locked up? According to the Nigerian prosecution, “Binance is operating virtually. The only thing we have to hold on to is this defendant.”  This was the explanation given during a bail hearing where the prosecution argued that Tigran was a flight risk and shouldn’t be granted bail. Richard, however, sees this as nothing but a baseless excuse to hold an innocent employee.  “There is no need to imprison an innocent employee to answer for any allegations against Binance,” Richard said. He pointed out that Binance has resolved issues in various countries—including the US, Thailand, Brazil, and India—without any harm coming to its employees. Another claim coming out of Nigeria is that Binance is somehow responsible for the decline of the Naira, the country’s currency. This is despite the fact that, between 2021 and the end of 2022, the Naira traded within a relatively narrow range of 380 to 440…

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Filed under: News - @ August 27, 2024 5:26 pm