Binance Ordered To Give Away All Nigerians Trading on its Platform: Nigerian Court Orders

After an earlier report of Nigeria asking Binance to hand over the information regarding its top 100 users in the country and its six-month transaction history, Binance has now been ordered to provide Nigeria’s Economic and Financial Crimes Commission (EFCC) with comprehensive information from the nation trading on its platform, according to a report. Nigeria has taken action against the crypto unit for facilitating illegal capital outflows, which led to the Nigerian naira weakening to record lows against the dollar. Binance was then charged $10 billion in penalties for enabling $26 billion of untraceable funds with the detention of two senior execs.