Binance CEO Summoned by Nigerian Authorities Over Alleged Financial Crimes as Exchange Faces $10 Billion Fine
Nigeria demands $10 billion from cryptocurrency exchange Binance, accusing it of profiting from “illegal transactions” and manipulating the local currency. The Central Bank claims Binance facilitated $26 billion in untraceable outflows, contributing to the naira’s poor performance. Binance continues to grapple with escalating regulatory challenges. In Nigeria, reports have emerged that CEO Richard Teng has […