<ul><li>Nigeria has filed a lawsuit against Binance, seeking $79.5bn in economic losses and $2bn in back taxes.</li><li>Authorities blame Binance for Nigeria's currency woes and detained two of its executives in 2024.</li><li>The lawsuit alleges that Binance has a significant economic presence in Nigeria and should pay corporate income tax.</li><li>Binance was already facing tax evasion charges in Nigeria and is contesting the charges.</li></ul>

Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax

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