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Nigerian prosecutors have charged 
Binance with violating tax laws and are demanding an $81 billion penalty, DL News reports.
What’s the Scoop?
- Massive Penalty: Nigeria's Federal Inland Revenue Service claims economic losses of over $79 billion plus a $2 billion tax fine against Binance.
- Ongoing Legal Battles: This is the third criminal case against Binance in Nigeria. The exchange also faces charges of facilitating $35 million in money laundering.
- Global Reaction: The case gained international attention after the detention of Binance executives in Nigeria. One executive was released after intervention from the U.S. government.
