As a seasoned crypto investor with years of experience under my belt, I can’t help but feel a sense of deep concern and outrage when it comes to the ongoing saga between Binance and Nigeria, specifically regarding Tigran Gambaryan. Having witnessed the meteoric rise and fall of numerous cryptocurrencies over the years, I’ve learned that the true measure of a project or company lies not just in its financial performance, but also in its ethical conduct.
The ongoing dispute between Binance and Nigeria deepens as the health of Tigran Gambaryan, the detained executive, continues to worsen. Gambaryan has reportedly experienced a rapid decline in health since his malaria diagnosis in May. It’s been claimed that he hasn’t received adequate medical care while in custody.
Recently, a disturbing video surfaced featuring Gambaryan, showing his fragile condition and the severe mistreatment he’s endured. In response, the CEO of the exchange publicly criticized the Nigerian government and called for Gambaryan’s immediate freedom.
Alarming Video Shows ‘Inhumane Treatment’ Of Binance Exec
On Tuesday, Richard Teng, CEO of Binance, spoke out about the way Nigerian officials have been handling Tigran Gambaryan’s case. In response to a video posted on platform X showing guards being rough with Gambaryan as he attempted to make his way to court on Monday, Teng expressed his thoughts.
In the concerning video, it appears that Gambaryan is having difficulty walking with crutches, possibly because of issues with his back. However, when asked for help, the guard does not oblige, leading Binance’s head of crime compliance to question why he wasn’t provided with a wheelchair instead.
Additionally, the imprisoned executive claimed that the guard was instructed not to offer assistance to him. The officer present asserted that Gambaryan was capable of managing himself and appeared well enough to walk without help.
As he continued to struggle, Gambaryan repeatedly expressed his frustration and pain, stating that he was an innocent person and the whole situation was “f*cked up.”
Richard Teng posted a video, labeling the executive’s actions as “cruel.” The CEO insists on halting such behavior and requests Gambaryan’s swift release, underscoring that he needs to return home for adequate medical care.
In response, members of the cryptocurrency community voiced their disapproval through their comments. One individual labeled the behavior as “absurd,” suggesting that Gambaryan might be feeling fearful and drained.
Another X user questioned why he was being treated as a criminal and suggested that the “Nigerian Government are just using him as leverage,” a sentiment voiced before by Binance’s CEO.
According to Bitcoinist, Teng criticized the manner in which Nigerian officials handled Binance’s case in late April. In his view, the authorities utilized a junior staff member as a means to target the cryptocurrency exchange, potentially setting a concerning new standard that could affect businesses globally.
Gambaryan’s Health Continues To Decline
As an analyst, I’ve been closely monitoring the situation regarding Gambaryan’s health. His family and the community are deeply concerned, as he contracted malaria in May. Regrettably, his pleas for appropriate medical attention from the prison officials have fallen on deaf ears.
On May 23, this incident led to the executive’s fainting spell in court. After experiencing a health crisis, a judge mandated that Gambaryan be admitted to a hospital for appropriate care. Yet, a visit from American officials disclosed that his condition had deteriorated further, as he was still not receiving adequate medical attention, in spite of the court’s decree.
US representatives French Hill and Chrissy Houlahan joined others urging for Gambaryan’s immediate freedom following a personal inspection in June, where they observed that Binance executive Gambaryan was still battling malaria and double pneumonia. During their visit, these politicians noted that he had lost substantial weight and had not received medical attention at a facility.
On September 2, 2024, the court trial for the executive’s money laundering charges resumed. It was disclosed that his defense team had filed a bail request based on medical necessity, as it appears from the records that Gambaryan urgently needs surgery due to his deteriorating health condition.
On the contrary, the Economic and Financial Commission of Nigeria (EFCC) lawyers filed a counter-affidavit stating that his health condition was “controllable,” not as severe as Gambaryan asserted. As a result, the court hearing for the bail application has been set for Wednesday, September 4.
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2024-09-04 09:42