Golden Finance reported that a Binance executive said that he had not heard of the Nigerian government’s request for a $10 billion fine and had no intention of paying a fine to the Nigerian government to restore recently suspended services or release two Binance executives. At the same time, Nigeria’s presidential adviser Bayo Onanuga said that his statement to the BBC was distorted by the media and did not say that the Binance regulator had been notified of the decision to impose a fine. Yesterday, it was reported that the Nigerian government asked Binance to pay at least US$10 billion in compensation. This request was made in the context 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.