Nigeria just filed a massive lawsuit against Binance, demanding $81.5 billion. The government is demanding $2 billion in back taxes, but the rest is made up of other fines.
Binance is likely to fight the charges, but neither party has publicly commented yet.
Nigeria Challenges Binance Again
Binance, one of the world’s largest cryptocurrency exchanges, has a troubled history with Nigeria. In 2024, the country accused it of tax evasion and alleged that the exchange facilitated illegal currency manipulation. That was just the beginning of the legal battle. Now, Nigeria is opening up its legal battles again with an $81.5 billion lawsuit.