🚹 Hong Kong police warn residents of Binance phishing scams! 🚹 Scammers posing as Binance are sending deceptive texts, leading to 11 cases and HK$3.5 million in losses over the past two weeks. đŸ˜±

đŸ”č Fraudsters entice users to click on phishing messages, gaining access to victims' Binance accounts and stealing digital assets.

đŸ”č Police advise citizens to consider platform security risks, store large amounts of virtual assets offline, and use only licensed trading platforms in Hong Kong.

This news comes as the crypto industry faces increased awareness of funds lost to hacks, scams, and rug pulls, with Q3 2023 losses reaching $889.3 million. 📉

What precautions do you take to protect your crypto investments? 💰 Share your tips in the comments! 👇