On May 27, 2024, several important events and updates related to Binance were reported:

1. **Legal Challenges in Nigeria**: Binance is facing serious legal issues in Nigeria, where two of its executives are detained on charges of money laundering and tax evasion. Binance CEO Richard Teng has criticized Nigerian authorities for detaining the executives after inviting them to collaborative discussions. Binance has suspended all naira trading in response to this situation and the company is continuing to cooperate with Nigerian authorities to resolve the issues [[❞]](https://www.coindesk .com/policy/2024/03/27/binance-is-having-an-odd-time/) [[❞]](https://www.vanguardngr.com/2024/05/nigeria-sets-dangerous- precedent-by-detaining-our-execs-binance-ceo/).

2. **Legal action in the Philippines**: The Securities and Exchange Commission (SEC) in the Philippines asked the National Telecommunications Commission to block access to Binance's website, citing the exchange This operates without the necessary license. This action follows the SEC's previous warnings and advisories to the public about investing in Binance [[❞]](https://www.bworldonline.com/top-stories/2024/03/26/ 584151/sec-asks-ntc-to-block-binance-in-philippines/).

3. **New and updated listings**: Binance announced several updates, including new cryptocurrency listings, new trading pairs, and support for network upgrades and hard forks. The platform has added a new spot trading pair (USDC/TRY) with trading bot services enabled and supports network upgrades for Neo (NEO) and BNB Smart Chain (BEP20)