#BinanceReopensWithdrawalsForMoreAssets #BinanceWithdrawalScamWarning Binance Warns of Fake Compensation Offers as Withdrawals Resume
Fake Compensation Offers Accompany Withdrawal Restart
Binance addressed potential fraud during its withdrawal restart following the $6.3 billion hack in a Nov. 2 withdrawal scam warning on X. The exchange stated:
“Withdrawals are resuming in phases and opportunistic scammers may try to take advantage of this period.”
It described the approaches customers could encounter: “They may impersonate Binance through DMs, emails, group chats and even small transfers with a message attached, offering to ‘speed up withdrawals,’ give ‘priority processing,’ help you ‘claim compensation,’ or move your assets into a ‘Binance vault’.”
The exchange cautioned:
“Anyone promising to expedite it for a fee is scamming you.”
It emphasized that Binance would never initiate contact about accounts or funds, sell places in a withdrawal queue, or charge to unlock a network or asset. Transfers to supposed safe accounts, secured wallets, or any address supplied by an impersonator were also among the requests it warned against.
Requests to connect a wallet, sign a transaction, or authorize access can accompany phishing and counterfeit websites that imitate trusted services. Binance cautioned that authorizations could allow third parties to move assets and that on-chain transactions are usually irreversible. It also ruled out requests for passwords, two-factor authentication codes, or seed phrases, along with unsolicited eligibility, status, or compensation claim links.
Fake Compensation Offers Accompany Withdrawal Restart
Binance addressed potential fraud during its withdrawal restart following the $6.3 billion hack in a Nov. 2 withdrawal scam warning on X. The exchange stated:
“Withdrawals are resuming in phases and opportunistic scammers may try to take advantage of this period.”
It described the approaches customers could encounter: “They may impersonate Binance through DMs, emails, group chats and even small transfers with a message attached, offering to ‘speed up withdrawals,’ give ‘priority processing,’ help you ‘claim compensation,’ or move your assets into a ‘Binance vault’.”
The exchange cautioned:
“Anyone promising to expedite it for a fee is scamming you.”
It emphasized that Binance would never initiate contact about accounts or funds, sell places in a withdrawal queue, or charge to unlock a network or asset. Transfers to supposed safe accounts, secured wallets, or any address supplied by an impersonator were also among the requests it warned against.
Requests to connect a wallet, sign a transaction, or authorize access can accompany phishing and counterfeit websites that imitate trusted services. Binance cautioned that authorizations could allow third parties to move assets and that on-chain transactions are usually irreversible. It also ruled out requests for passwords, two-factor authentication codes, or seed phrases, along with unsolicited eligibility, status, or compensation claim links.
