Nigeria vs. Binance: CEO Demands U.S. Intervention for Employee’s Health Crisis

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The ongoing lawsuits by Nigeria against Binance the biggest cryptocurrency exchange for money laundering and tax evasion seem intensifying. On August 27, 2024, Binance CEO Richard Teng, requested the United States to intervene as the health of Tigran Gambaryan a Binance employee and former federal agent, who has deteriorated while in custody.

Binance Employee’s Condition Critical 

Additionally, the CEO called for political pressure, as Tigran is suffering from mental health issues, and severe pain, and is unable to walk due to a herniated disc. Despite all these medical issues, the Nigerian government has refused to provide him with adequate medical care or access to legal counsel, which is unconstitutional.

Looking at these medical concerns, the report noted that, 

“We strongly urge the U.S. government and citizens and organizations globally to exert political pressure to secure Tigran’s release on humanitarian grounds and to protest against Nigeria’s unjust detention practices.”

Binance Money Laundering Case

In February 2024, the Nigerian government detained two Binance employees, Tigran and Nadeem Arjarwalla, on the charge of money laundering and tax evasion. However, both executives denied the charges.

However, the report also noted that the Nigerian government also claimed that Binance was the one who is responsible for its currency “Naira” decline. Meanwhile, the report highlighted that Nigeria has never been a significant market for Binance.