Nigeria accuses Binance of laundering $35.4 million, hearing for the detention of Binance executives will be held on April 4

ChainCatcher news, the Nigerian government has accused Binance of money laundering, with an amount involved reaching $35.4 million. Following the EFCC's submission of documents on Thursday, Binance is currently facing two separate criminal charges in Nigeria. The Federal Inland Revenue Service of Nigeria (the country's tax authority) has accused the exchange of tax evasion.

In addition to the criminal proceedings, the Nigerian government is also seeking to extend the detention period for Binance executives. The case will continue with a hearing on April 4.