SMS Fraud Statement From Binance CEO: Don't Click On Incoming Links

 

SMS Fraud Statement From Binance CEO: Don't Click On Incoming Links

Changpeng Zhao, CEO of Binance, one of the largest cryptocurrency exchanges in the world, spoke to users about SMSs from fraudsters. Zhao warned his customers never to click on links in sent SMS.

It is a known fact that cryptocurrencies are becoming more and more widespread day by day. However, the increase in popularity creates some negative situations and causes many fraud cases. Cryptocurrency exchanges are also among those affected by this situation, as can be expected.

Binance , the largest exchange in terms of trading volume, is at the forefront of the channels that are at risk of being affected by this situation. Binance, which we shared with you that it has taken billion-dollar measures against cyber attacks in the past days, has now made a statement about fraudsters. Company CEO Changpeng Zhao warned users of a scam.

There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below.

NEVER click on links from SMS!

Always go to https://t.co/9rMMAmtCxH via a bookmark or type it in.

Stay #SAFU pic.twitter.com/erNwe90FN1

— CZ 🔶 Binance (@cz_binance) February 4, 2022

Making statements on Twitter today, Zhao, nicknamed 'CZ', warned the crypto money community about SMS fraud. In his statements, CZ stated that these SMSs targeting Binance customers should be paid attention to, and the links sent should never be clicked.

An SMS stands out in the shared screenshot. The message stating that money was withdrawn from an unknown IP address says that the buyer must click on the shared link to cancel this transaction. Zhao also emphasizes that such 'phishing', that is, fraud cases that try to trick people with false promises, should not be believed by customers, links should not be clicked on, and the URL of the exchange should always be written by hand in browsers.

Although exchanges continue to increase their security investments, cybercrime against cryptocurrencies continues rapidly and creates question marks in people's minds. In a news we made yesterday, we told you that hackers infiltrated the Wormhole network and stole 320 million dollars of Ethereum (ETH) , and in the past weeks, 34 million dollars of crypto money was stolen from the popular crypto money exchange Crypto.com .