- This information was confirmed by CEO Changpeng Zhao.
- He also claims that the exchange filed an official request to liquidate the fraudulent enterprise.
In early June, the Nigerian securities regulator published a public order on termination of activities of Binance Nigeria Ltd. Allegedly, the exchange has not registered as a service provider, and therefore cannot offer its services in the country.
The situation caused a certain resonance in the network. But, as it turned out later, Binance has no representation in the local market. Apparently, the brand of the platform was used by scammers.
This was stated by CEO Changpeng Zhao. On his Twitter page, he shared the news that Binance has filed a Cease and Desist Letter, a formal request to waive potential fraudulent activity under a false name.
“Don’t believe everything you read on the news” Zhao concluded.
It is not known whether there were any victims of the activities of the fake “division” of Binance. After a letter from the official company, the counterparty must cease activities. Otherwise, he will face a court and considerable costs. Interestingly, before that, Binance left the market of the Netherlands, Canada, Australia and even Cyprus. Obviously, the exchange has faced some pressure in some jurisdictions, which is only intensifying against the backdrop of a lawsuit from the SEC in the US.