Binance has acknowledged the Nigerian government’s lawsuit seeking $81.5bn in damages and unpaid taxes, stating that it is aware of the legal action and will provide updates as necessary.

The Nigerian government has pressed fresh charges against global cryptocurrency exchange, Binance, demanding $81.5billion in damages and unpaid taxes.

Nigeria has sued Binance for $81.5 billion, including $79.5 billion for economic losses and $2 billion in back taxes.

The case could set a precedent for crypto regulations, impacting investor confidence and digital asset adoption in Nigeria.

Nigeria's federal government has launched a new lawsuit against the Binance, demanding a staggering $79.5 billion penalt

Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking to compel the company to pay $79.5 billion for economic losses caused by its operations in the country and $2 billion for two years of back taxes,

"FIRS argued that Binance has a significant economic presence in Nigeria but has not fulfilled its tax obligations," Binance said in a blog post on Thursday. "The agency emphasize