$10 Billion Fine: Nigerian President’s Media Aide Says He Was Misinterpreted, Binance Says No Plans To Pay

According to a Binance official quoted by Peoples Gazette, “We recently discussed ways to resolve issues with Nigeria, but we did not hear any demand for $10 billion.”

The Cayman Islands-based company clarified that it is not entertaining talks with the Nigerian government either to restore its recently cut-off services or release its executives, who are being held over alleged involvement in manipulation leading to the collapse of the naira and subsequent economic repercussions.