Nigeria Cracks Down on Binance, Seeking Billions in Damages Amid Currency Crisis

Nigeria orders Binance to pay $10 billion in compensation for allegedly manipulating currency exchange rates and contributing to 70% drop in value of the naira
Two Binance executives arrested in Nigeria earlier this week
Nigeria is one of world's biggest cryptocurrency markets; Binance is very popular there
Cryptocurrency transactions totaled 12% of Nigeria's GDP last year
Nigeria has closed thousands of currency exchanges and suspended crypto firms to try to stabilize the naira amid high inflation