Security Board of Texas takes action against Hoax Binance branded Scheme

Against a shape-shifting, fraudlent cryptocurrency scheme using the Binance brand to lure investors, the Texas State Securities has entered an emergency ceas and desist order.

Cryptocurrency investment scheme has been viewed as a risk to main street investor by the Texan regulators. The Texan regulators have constantly warned the public against scams arising from Cryptocurrency, especially during the Covid-10 pandemic.


The Texas State Securities has moved in action against a firm that is misappropriating the Binance name and has ordered a cease and desist.

There is a business that claims to be operating from the United Kingdom, and which has the business has been subjected to adivory warning from the Philippines security regulators and which the same firm unfortunately is the target of the order form  Texas State Securities , since 15th March.

Leave a Comment