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Binance CEO Raises Alarm about Phony Binance Scam Attempts

Changpeng Zhao, the CEO of Binance, issues a stern warning about sophisticated scams targeting Binance users. Stay #SAFU in the crypto world!

Binance CEO Warns Users of Rising Scam Threats in the Crypto Community

In a recent development, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, issued a stern warning to users about the rise in scam attempts targeting the Binance community. The warning comes after a customer shared a troubling experience, revealing that scammers attempted to exploit their personal information under the guise of being from Binance’s compliance team.

The customer in question reported receiving a call from an individual claiming to be a member of Binance’s compliance team. What made this incident particularly concerning was that the scammer possessed a trove of personal information about the user. This raised suspicions that the scam might be linked to the Kroll data breach, which had previously affected Binance users. While the customer managed to evade the scammer’s attempt, the incident underscores the importance of remaining vigilant and cautious in the face of increasingly sophisticated phishing and scam attempts.

Around the same time as CZ’s warning, another prominent figure, Aman, associated with Binance raised concerns about scams in the crypto community. Aman urged users to “Stay SAFU” and highlighted a concerning trend involving the misuse of CZ’s images in NFTs, alongside false promises of lucrative rewards.

The alert issued by this Binance-associated figure cautioned users against engaging with NFTs that featured CZ’s images and enticing reward giveaways. Scammers enticed users to connect their wallets to the scammer’s websites, promising substantial rewards. However, the outcome was disastrous, as users who fell for the scheme lost all their TrustWallet assets after unwittingly granting permission during the connection process.

In light of the growing threat posed by NFT scams, Aman called upon Binance and TrustWallet to develop effective solutions to combat this problem.

Both CZ’s warning and the parallel alert from the Binance-associated figure serve as a reminder that scammers in the cryptocurrency space are becoming increasingly sophisticated in their tactics. Users are urged to exercise caution, verify the authenticity of communications from cryptocurrency platforms, and remain #SAFU (Secure Asset Fund for Users) by staying informed and vigilant in their crypto interactions.