The tweet reads: “Binance have issued cease and desist
notice to the scammer entity “Binance Nigeria Limited”.
“Don’t believe everything you read in the news.”
Earlier this month, Nigeria’s markets regulator ordered
Binance to halt its operations in the country, saying local unit “Binance
Nigeria Limited” that courted Nigerian investors through a website was not
registered or regulated, making it illegal.
Binance, the world’s biggest cryptocurrency exchange, has
faced a string of setbacks recently, announcing plans to leave the Netherlands,
Cyprus, Canada and Australia, and being charged by the U.S. Securities and
Exchange Commission (SEC).
The SEC sued Binance and Zhao earlier this month alleging
that the company artificially inflated its trading volumes, diverted customer
funds, and misled investors about its market surveillance controls.
Binance, however, disputed the SEC charges.