Binance, the world's largest cryptocurrency exchange, is facing legal and ethical challenges in Nigeria. The Nigerian government has accused Binance of tax evasion and money laundering, demanding $150 million in bribes to settle the charges. Binance has denied these allegations, labeling them as illegal and unethical. The situation escalated when Nigerian authorities detained Binance executive Tigran Gambaryan, a move criticized by Binance CEO Richard Teng as a control tactic. Apart from Nigeria, Binance has faced regulatory scrutiny globally, particularly over allegations of money laundering and evasion of financial laws. Looking ahead, Binance aims to strengthen its compliance measures and cooperate with global law enforcement.