Binance Faces $81B Tax Evasion Case in Nigeria as Court Grants Delay

A Nigerian court has postponed the high-profile tax evasion case against Binance to April 30, allowing the country’s tax authority more time to address the exchange’s legal arguments. The Federal Inland Revenue Service (FIRS) alleges Binance owes $2 billion in unpaid taxes and seeks an additional $79.5 billion in damages, citing significant economic harm caused by the platform’s operations in Nigeria. The case underscores growing regulatory scrutiny of crypto exchanges in key markets.

Nigeria Delays Binance’s $81B Tax Evasion Case Over Email Dispute

A Nigerian court has postponed Binance’s tax evasion case to April 30, giving the country’s tax agency more time to respond to the exchange’s legal filings. The Federal Inland Revenue Service (FIRS) is demanding $2 billion in unpaid taxes and $79.5 billion in damages, claiming Binance’s operations in Nigeria caused economic harm. The agency asserts that Binance has a significant economic presence in the country and should have paid corporate taxes for 2022 and 2023, plus a 10% yearly penalty on overdue amounts.

Binance Unveils 4th Megadrop Featuring KernelDAO Token Launch and Listing Details

Binance has announced its 4th Megadrop project, KernelDAO (KERNEL), set to launch soon. The restaking protocol has gained significant investor interest ahead of the KERNEL token listing. Starting April 9 at 00:00 UTC, users can join the event and earn rewards. Binance will be the first exchange to list the KERNEL token on April 14 at 12:00 UTC with trading pairs including KERNEL/USDT, KERNEL/BNB, KERNEL/USDC, KERNEL/FDUSD, and KERNEL/TRY.