BREAKING: Binance Nigeria Limited a Scam Entity – Binance CEO Reveals

Changpeng Zhao, Binance’s chief executive officer, has labeled Binance Nigeria Limited a con.

On Sunday, June 18, the CEO of Binance declared that “Binance Nigeria Limited” was a scam. He made this declaration via Twitter.

The announcement comes just a few days after the Nigerian government stopped operating Binance businesses there.

According to Gist legit, the Securities and Exchange Commission (SEC) of Nigeria stated that Binance Nigeria Limited was operating illegally in Nigeria due to the company’s lack of registration and regulation.

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