On Sunday, Binance CEO Changpeng Zhao tweeted that “Binance Nigeria Limited” is a “scammer entity” and ordered it to stop.
Binance’s local company, “Binance Nigeria Limited,” which courted Nigerian investors through a website, was not registered or regulated, according to Nigeria’s markets authority.
The SEC has accused the world’s largest cryptocurrency exchange, Binance, and announced plans to exit the Netherlands, Cyprus, Canada, and Australia.
This month, the SEC sued Binance and Zhao for inflating trading volumes, diverting user cash, and misrepresenting its market monitoring controls. Binance denies SEC charges.
