The Chief Executive Officer (CEO) of Binance, Changpeng Zhao on Sunday declared that the Binance Nigeria Limited is a scam entity.
Binance is a leading cryptocurrency platform globally.
In a statement in his verified twitter handle Zhao said “Binance Nigeria Limited is a scam.
“Binance have issued a cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news.”
This comes as the Securities and Exchange Commission (SEC) had declared that Binance Nigeria is operating illegally in Nigeria.
SEC had said the crypto entity was not registered or regulated by the Commission.
