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Binance CEO Warns of ‘Massive’ SMS Phishing Scam
Some Binance customers have been sent an SMS advising of a withdrawal from their account with a false link provided to cancel it, Changpeng Zhao tweeted.
Updated May 11, 2023, 5:58 p.m. Published Feb 4, 2022, 3:56 p.m.
Binance CEO Changpeng "CZ" Zhao warned early on Friday of a “massive phishing scam via SMS" with a link to cancel withdrawals that leads to a website that harvests Binance users' credentials.
- “NEVER click on links from SMS! Always go to http://Binance.com via a bookmark or type it in,” Zhao wrote.
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.
— CZ 🔶 Binance (@cz_binance) February 4, 2022
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
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- A Binance spokesperson said that Zhao was warning people in general about SMS phishing scams and citing one that had targeted Binance users, but not saying there was only one specific scam against Binance.
- It was unclear how many Binance customers had been targeted with the scam, how many had fallen victim to it or what threat there has been to their funds.
- Customers being defrauded in this and other ways remain a common feature of the crypto industry even on major exchanges. Most recently, nearly $34 million was stolen from Crypto.com users via a hack on Jan. 17.
Read more: NFT Scams: How to Avoid Falling Victim
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