Binance CEO Changpeng Zhao described “Binance Nigeria Limited” in a tweet as a “scammer entity” and stated that Binance has issued a cease and desist order to the Nigerian corporation.

Nigeria’s markets regulator ordered Binance to stop operating in the nation earlier this month, claiming that a local subsidiary called “Binance Nigeria Limited” that courted Nigerian investors online was illegal because it was neither registered nor regulated.

The largest cryptocurrency exchange in the world, Binance, has recently encountered a number of difficulties, including intentions to leave the Netherlands, Cyprus, Canada, and Australia as well as charges from the U.S. Securities and Exchange Commission (SEC).

Nigeria’s markets regulator ordered Binance to stop operating in the nation earlier this month, claiming that a local subsidiary called “Binance Nigeria Limited” that courted Nigerian investors online was illegal because it was neither registered nor regulated.