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Binance Nigeria Limited is a scam entity, says CEO 

by Usman Kadri
June 18, 2023
Reading Time: 1 min read
Binance Nigeria Limited is a scam entity, says CEO 
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Changpeng Zhao, the Chief Executive Officer of Binance, on Sunday, issued a statement on Twitter declaring “Binance Nigeria Limited” a scam entity.
The brief statement said, “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.

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