Nigeria Sues Binance for $81.5 Billion Over Alleged Economic Losses and Tax Evasion🤑

The Nigerian government has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, seeking $79.5 billion in economic damages and an additional $2 billion in back taxes for the past two years. This legal action is part of Nigeria's broader crackdown on the crypto industry, which intensified last year. Authorities claim that Binance's operations have contributed to the country's currency challenges and have previously detained two of its executives in 2024. Binance denies the allegations and asserts its cooperation with Nigeria's Federal Inland Revenue Service to address any tax liabilities.🤧🤧