The Chief Executive Officer of Binance, Changpeng Zhao, has declared ‘Binance Nigeria Limited’ a scam entity via a tweet posted on his official Twitter handle on Sunday, 18th June, 2023.

Binance Chief excecutive Oficer ,Changpeng Zhao

The brief statement on his Twitter handle, read, “Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news.

This development is coming a few weeks after The Securities and Exchange Commission of Nigeria, SEC, declared that ‘Binance Nigeria’ is operating illegally in Nigeria. 

Binance CEO’s tweet declaring binance Nigeria a scam

Binance is a leading global cryptocurrency platform individuals use to trade cryptocurrencies.It was founded in July 2017 by Chinese-born Canadian businessman Changpeng Zhao, the company’s CEO.

Story: Ihuoma Ukeje