Binance Executive Escapes Nigerian Custody Amid New Tax Charges

A Binance executive has escaped Nigerian custody as the government files new tax evasion charges against the cryptocurrency exchange, alleging non-payment of Value-Added Tax and company income tax, failure to submit tax returns, and complicity in aiding customers to evade taxes. The Nigerian government is in talks with Interpol to secure an international arrest warrant for the escaped executive. Binance's troubles in Nigeria stem from concerns about money movement, alleged money laundering, and facilitating speculation on the local currency, leading to the shutdown of its peer-to-peer trading platform in the country.