#Binance CEO Issues Critical Warning: Phone Scams Target Crypto Investors
While cryptocurrency markets are rapidly growing, so too are scammers' methods. #RichardTeng , CEO of Binance, the world's largest crypto exchange, warned investors of a serious danger in a statement on social media platform X. Teng explained the scope of a new scam method, including fake customer support calls, aimed at inattentive, direct targets.
A New Scam Method: "Official-Appearing Call"
According to Binance's announcement, the attacks begin with a simple phone call. The person on the other end is a "customer representative." The tone is calm, professional, and quite persuasive. Using "urgent security enhancement" technology, the scammers request that users modify their API (Application Programming Interface) settings.
When users follow these instructions, they unknowingly hand over control of their accounts to the scammers. This allows the attackers to drain the victims' funds and transfer the funds to their own addresses.
Binance's official statement reads:
"It starts with a simple phone payment. The other person identifies themselves as if they were part of the support team. They speak professionally, instill confidence, and persuade them to change their API balance. However, these changes open a door for your funds directly to the scammers' budget."
Binance's Recommendations: Awareness is the First Line of Defense
The company emphasizes that user information is the strongest defense against these attacks. Binance has offered some critical recommendations to protect those who experience them:
Never share passwords or credentials over the phone. Binance has explicitly stated that it will not request such a request.
Enable two-factor authentication (2FA). Ensuring protection, especially with hardware standards security devices, makes the account much more secure.
Use a password (additional security key). This method makes it virtually impossible for scammers to access accounts.
Verify official communication channels. It has been emphasized that most "support" messages received through WhatsApp, Telegram, or Facebook are fake.
A collision of suspicious calls or events. Users were asked to report not only for their own safety but also to protect the entire ecosystem.
Previous Attacks: SMS and QR Code Scams
This warning isn't Binance's first security alert. The company issued a similar statement last summer, warning about fake QR code scams. These fake support messages, spread through WhatsApp, Telegram, and Facebook, attempted to compromise users' personal information.
Prior to this, some users had fallen victim to SMS spoofing attacks. Scammers tricked users with messages purporting to be from Binance. The messages, under the pretext of a "threat engineered by North Korea," urged users to create a new budget and move their assets there. Unfortunately, users who fell for this trick placed their funds directly into the hands of the attackers.
Conclusion: The Biggest Power in the Crypto World is "Caution"
As Binance CEO Richard Teng has stated, the most important line of defense for crypto investors is their own authenticity. Attacks are becoming more common every day, and the fact that users only trust official Binance links, manipulate API software, and utilize additional security layers significantly hinder scammers.
In the crypto world, the rule is simple: Be vigilant to protect your funds and don't blindly trust everyone.
#MarketPullback #BNBATH900 #CryptoRally @Richard Teng