Binance, has declared “Binance Nigeria Limited” a fraudulent organization.
The world’s largest cryptocurrency exchange said it has issued a cease and desist order to the company.
Binance Chief Executive Officer Changpeng Zhao, in a tweet on Sunday called the Nigerian company “scammer entity.”
Binance have issued cease & desist notice to the scammer entity "Binance Nigeria Limited".
Don't believe everything you read in the news. ????♂️
— CZ ???? Binance (@cz_binance) June 18, 2023
Investogist reported last week that the Securities and Exchange Commission (SEC) declared the activities of Binance Nigeria Limited illegal in Nigeria.
SEC said that the company is neither registered nor regulated by the commission.
The commission warned Nigerians against conducting business with exchange, noting that anyone doing is at their own risk.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.