Binance

Nigeria’s Federal Inland Revenue Service (FIRS) is suing Binance for $79.5 billion in economic losses as well as $2 billion plus interest in back taxes, the exchange said in its blog. This is a leap from the initial $10 billion figure that Nigeria …

The newly launched crypto task force could help ” facilitate the potential resolution of this case,” the court filing said.

The investigation is focused on alleged offenses committed in both France and the broader European Union from 2019 to 2024.

The former venture capital arm of Binance will become the family office of CZ and Binance co-founder Yi He, Bloomberg reported.

The debanking of Binance.US is Operation Chokepoint in action, said the exchange’s interim CEO Norman Reed.

The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent

Lawyers slammed the SEC for a lack of clarity on regulation when it comes to virtual assets.