BREAKING: Binance CEO declares Binance Nigeria Limited as fraud

    The Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as fraud

    The declaration is coming after the Nigerian government barred Binance operations in the country.

    Recall that the Securities and Exchange Commission (SEC) of Nigeria had stated that Binance Nigeria Limited was operating illegally in the country as it is not registered or regulated by the SEC.

    While reacting to the announcement on Sunday, Zhao said, “Binance have issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news.”