Binance Archives - Outlook Nigeria

Binance Confirms $6.3bn Cyberattack, Says $3bn in Assets Frozen

admin / 1 week
0
4 min read

Cryptocurrency exchange Binance has confirmed that it suffered a complex cyberattack affecting approximately $6.3bn in assets, with about half of the affected funds frozen to prevent a massive theft. The company, the world’s largest cryptocurrency exchange by daily trading volume, said on Friday that investigations had uncovered additional security breaches, contradicting initial findings that suggested […]

Tax Evasion: Court Gives FG, Binance More Time to Pursue Out-of-Court Settlement

admin / 6 months

2 min read

The Federal High Court in Abuja on Tuesday adjourned the alleged tax evasion case filed by the Federal Government against Binance Holdings Ltd until July 9 for a report on settlement discussions. Justice Emeka Nwite adjourned the matter after Binance’s lawyer, Chief Chukwuka Ikwuazom, SAN, and counsel to the Federal Government, Omotola Fatogun, informed the […]

Court adjourns ruling on Binance’s bid to void FIRS substituted service in $79.5bn tax dispute

admin / 9 months

5 min read

The Federal High Court in Abuja on Monday adjourned ruling on a motion filed by Binance Holdings Limited seeking to void the substituted service of court documents effected on it by the Federal Inland Revenue Service (FIRS), now known as the Nigeria Revenue Service, until April 21. The adjournment followed the absence of the presiding […]

FIRS Takes Binance to Court, Demands $79.5 Billion in Taxes and Penalties

admin / 2 years

4 min read

The Nigerian government, through the Federal Inland Revenue Service (FIRS), has filed a lawsuit against Binance Holdings Limited at the Federal High Court in Abuja, demanding $79,514,055,594.40 and N231 million for alleged economic losses caused by its operations in Nigeria. Additionally, the government is seeking $2,001,000,000 in unpaid income tax for 2022 and 2023. An […]

House of Reps Dismisses Binance Executive’s Bribery Allegations as Baseless

admin / 2 years

2 min read

The House of Representatives has dismissed allegations of bribery made by a Binance executive, Tigran Gambaryan, describing them as an attempt to discredit Nigerian institutions. Gambaryan had alleged that certain members of the House demanded a $150 million bribe during the dispute between the cryptocurrency platform and the Federal Government—a claim that Nigerian authorities have […]

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Binance Confirms $6.3bn Cyberattack, Says $3bn in Assets Frozen

Tax Evasion: Court Gives FG, Binance More Time to Pursue Out-of-Court Settlement

Court adjourns ruling on Binance’s bid to void FIRS substituted service in $79.5bn tax dispute

FIRS Takes Binance to Court, Demands $79.5 Billion in Taxes and Penalties

House of Reps Dismisses Binance Executive’s Bribery Allegations as Baseless