Nigeria sues Binance for $81.5 billion in economic losses and tax reimbursement

PANews February 20th news, according to Reuters, court documents show that Nigeria has filed a lawsuit seeking to force Binance to pay $79.5 billion in economic losses as Binance said the losses were caused by its operations in Nigeria. and pay a supplementary $2 billion in taxes. After cryptocurrency websites became the preferred platform for trading local Naira currencies, authorities blamed Nigeria's currency plight on Binance, the world's largest cryptocurrency exchange, and detained two executives of the company in 2024.