Binance CEO Richard Teng has recently pushed back against the Nigerian government's accusations against the exchange. These allegations include claims of Binance generating $26 billion in revenue. However, Teng argues that this figure actually represents the total transaction volume from 2023, which amounts to $21.6 billion.
The matter is escalating towards a trial set for September 2, 2024. In an official blog post, Teng voiced his concerns over the accusations, highlighting what he believes to be inaccuracies in the government's statements.
