A scam entity,’ Binance CEO disowns Binance Nigeria Limited

Changpeng Zhao, the Chief Executive Officer of Binance, on Sunday, issued a statement on Twitter declaring “Binance Nigeria Limited” a scam entity.

According to the terse statement, “Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news.

“Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited”.

Recall that earlier this month the Securities and Exchange Commission (SEC) of Nigeria had stated that Binance Nigeria, a subsidiary of global cryptocurrency exchange Binance, is operating illegally in Nigeria as it is not registered or regulated by the SEC.