Binance Warns Crypto Investors of ‘Massive Phishing Scam via SMS’

Binance Warns Crypto Investors of 'Massive Phishing Scam via SMS'

Cryptocurrency trade Binance has warned buyers of a “large phishing rip-off by way of SMS.” The scammers despatched SMS messages to crypto customers informing them of a withdrawal request from an unknown IP deal with they might need to cancel.

Massive Phishing Scam Targeting Crypto Investors

Binance CEO Changpeng Zhao (CZ) tweeted Friday:

There is a large phishing rip-off by way of SMS with a hyperlink to cancel withdrawals. It results in a phishing web site to reap your credential as within the screenshot beneath.

According to the Binance boss, scammers despatched SMS messages to cryptocurrency buyers stating {that a} withdrawal has been requested from an unknown IP deal with. The message then asks buyers to click on a hyperlink to cancel the withdrawal request. However, the hyperlink results in a phishing web site that can try and steal credentials from buyers.

The Binance CEO additional suggested that customers ought to all the time go on to the Binance web site by way of a bookmark or kind the URL into the browser. He pressured:

Never click on on hyperlinks from SMS.

Binance shouldn’t be the one cryptocurrency trade that has been focused by scammers utilizing SMS rip-off techniques. In August final yr, the Nasdaq-listed cryptocurrency trade Coinbase equally warned of a phishing rip-off concentrating on Coinbase customers.

Scammers have additionally tried different SMS messages to lure buyers to click on on their phishing hyperlinks. According to some examples posted by Coinbase, one message reads, “New login. Not you? disable at [URL].” Several others inform buyers that they’ve obtained some bitcoin, asking them to confirm the transactions or just view them.

SMS scams are among the many many varieties of scams which were concentrating on cryptocurrency buyers. In January, the U.S. Federal Trade Commission (FTC) warned of cryptocurrency scams utilizing social media and crypto ATMs.

Recently, blockchain analytics platform Chainalysis revealed that scammers raked in a report $14 billion in cryptocurrency final yr. The agency additionally famous that Indians visited crypto rip-off web sites nearly 10 million occasions final yr.

What do you concentrate on SMS scams concentrating on crypto buyers? Let us know within the feedback part beneath.

Add a Comment

Your email address will not be published. Required fields are marked *