[Details] ‘Binance Nigeria Limited Is Scam Entity’ –Binance CEO Warns, Gives Reasons

In a bid to maintain save millions of gullible investors from fraudulent individuals parading themselves as co-founder and agents of the platform, the Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as a scam.

Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.”

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

It could be recalled that the Securities and Exchange Commission of Nigeria had earlier affirmed that Binance Nigeria is operating illegally in the country as it is not registered or regulated by the SEC.

In the meantime, the CEO of Binance, Changpeng Zhao, has come out to clearly warn against falling into the cobwebs of the deceptive entity known as “Binance Nigeria Limited a scam entity.”