Over 2,400 Companies, Including Binance's UK Office, Share a Small Suffolk Building – What's Going On?

cryptonews.com:

A Reddit post shows "Binance Ltd" as well as some 2,400 other companies, use a small Suffolk Building as a registered office address in the UK. 

In a Monday post on the r/Buttcoin subreddit, user solanawhale shared the address of a so-called “utility closet” that a firm called Binance Ltd uses as a registered office address in the UK.

The facility is located in the town of Mildenhall in Suffolk County, England.

Google Maps shows the site is a small, nondescript garage building on the outer edge of the town about an hour and a half's drive from Britain’s capital London.

A search for the address on Companies House, the executive agency of the British Government that maintains the register of companies, shows Binance Ltd shares the address with 2,403 active companies in total.

However, the real owner of the address is a company called OfficeServ, a virtual registered address service provider that aims to give a “believable business location,” according to its website.

Furthermore, data registered about Binance Ltd in Companies House shows the Binance namesake provides ”other service activities not elsewhere classified.”

While the details around the entity "Binance Ltd" are still unclear, the Financial Conduct Authority in the United Kingdom has already warned the public about the existence of crypto “clone” firms. 

Clone firms are a type of scam in which the scammers use information from legitimate firms in an attempt to convince targets that they are genuine.

In a comment to Cryptonews.com, a Binance spokesperson said "Binance LTD" is not affiliated with the exchange, adding that they have issued a cease and desist order. 

Shell companies, also known as ghost companies or paper companies, are business entities with no active