According to the BBC, the Nigerian government requires Binance to pay at least US$10 billion in compensation. The request comes against the backdrop of Nigeria’s crackdown on cryptocurrency exchanges and the devaluation of the national currency. Nigeria accuses Binance of profiting from “illegal trading” in the country. Binance is currently under investigation in Nigeria, and Binance executives were detained in Nigeria earlier this week.

The currency price has risen sharply. I am jealous of the fines imposed by the US government. The lmzf lion wants a piece of the pie.