Binance Sues Over $81.5 Billion in Damages: Nigeria Files Legal Battle

Nigeria’s government has escalated its dispute with Binance, the world’s largest cryptocurrency exchange. The government is demanding a staggering $81.5 billion in damages for alleged tax evasion and currency depreciation. Officials accuse Binance of failing to pay $2 billion in taxes between 2022 and 2023, while also seeking a substantial 26.75% interest rate on the unpaid amount based on the Central Bank of Nigeria’s lending rate.