Nigerian flag and Binance logo

Nigeria Targets Binance for User Data in Crypto Crackdown

According to a report by the Financial Times on Tuesday, Nigerian authorities have demanded that Binance, the largest cryptocurrency exchange, produce information on its top 100 Nigerian customers, as well as its full transaction history for the previous six months. Nigeria may seek a $10 billion punishment from Binance as revenge, claiming that they “really messed up” the local economy. According to the police, the cryptocurrency exchange facilitated “illegal transactions” at the expense of the government.

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