Binance Nigeria Limited is scam entity: Changpeng Zhao

Changpeng Zhao, Binance Chief Executive Officer, has declared Binace Nigeria Limited a scammer entity, warning the public not to believe whatever they read in the news about it.

The world’s largest crypto market dissociated itself from Binance Nigeria Limited in a tweet Mr Zhao on Sunday morning.

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

This comes a few days after Nigerian Security Exchange Commission banned Binance Nigeria Limited.

“Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are therefore illegal. Any member of the investing public…