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Nigeria has filed a lawsuit against Binance, seeking compensation for economic losses and tax recovery

According to Reuters, Nigeria has filed a lawsuit against cryptocurrency exchange Binance, demanding it pay US$79.5 billion in economic losses and US$2 billion in unpaid taxes. Court documents show that the Nigeria government accused Binance of causing local currency problems and detained two of its executives in 2024. Binance did not respond to requests for comment, but said it was working with the Federal Inland Taxation Authority of Nigeria to resolve potential historical tax liabilities.

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