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Binance has warned of an increase in the number of crypto scams in Telegram

Bits.media / 29.06.2024 / 06:07
Binance has warned of an increase in the number of crypto scams in Telegram
The largest cryptocurrency exchange Binance has published an article on its blog in which it warns about the increase in the number of crypto scams in the Telegram messenger and provides ways to protect funds.

The article emphasizes that Telegram has become extremely popular in the crypto community, and such popularity attracts various kinds of scammers. Users of the largest trading platform, whose number has exceeded 207 million, are among the priority targets for criminals.

So, cryptocurrency scammers pretend to be employees of the exchange in order to deceive users. For example, one scammer introduced himself as a "financial advisor" who tried to lure a user into a fake token distribution from the exchange. If the user becomes interested, they will be sent a phishing link and, if they enter their credentials, they may lose all funds. Also, scammers often create fake bots from Binance and fraudulent Telegram groups on behalf of the exchange.

Of course, there are more "common" scams. For example, if a user mistakenly downloads not an official Telegram client, but a hacker build with an embedded virus. Criminals are also trying to lure cryptocurrency users with various fraudulent giveaways and investment projects.

Recall that in early June, one of Binance's clients complained about the loss of $1 million as a result of account hacking.

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