147. Mic Drop: The problem with the Nigerian economy has nothing to do with crypto

147. Mic Drop:尼日利亚经济问题与加密货币无关

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2024-07-12

13 分钟
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单集简介 ...

Before Nigerian authorities detained two mid-level Binance executives back in February, they were telling anyone who would listen that the cryptocurrency platform was manipulating the value of its currency, the naira. It turns out the more likely culprit is more than a decade of economic mismanagement, as we explore in an encore episode of Mic Drop.

单集文稿 ...

  • Hey, it's Dina.

  • The clickier team is taking a break from producing new episodes this month so we can pull together some new reporting that we're really excited to share with you in August.

  • In the meantime, we've got some encore performances of some of the mic drops you told us you loved.

  • Take a listen.

  • So tell me how cryptocurrency came to Nigeria, right?

  • So cryptocurrency, I mean, obviously it was.

  • From Recorded Future News.

  • I'm Dena Temple Raston, and this is click here's mic drop, an extended cut of an interview we think you want to hear more of over the past few months, click here has been following the case of Teagrin Gambarian.

  • He's an IR's investigator turned mid level binance executive, and hes been held in Nigeria without bail since February.

  • Officials there are holding him responsible for crimes they say his company is committed, including money laundering and conducting financial services without a license.

  • But how did we get here?

  • Experts agree that the answer to that question has really very little to do with Tigran Gambarian or even the cryptocurrency exchange he works for, and it has everything to do with Nigeria and its longstanding economic problems.

  • So to put the binance story in context, we wanted to provide some history which makes clear that Nigerias troubles have little to do with binance at all.

  • Stay with us.

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  • It serves up the day's most interesting and important cyber stories from our sister publication, the Record, and then aggregates all of the big cyber stories you might have missed from news outlets around the world.