Binance Warns of Impersonators Offering Fake Token Listings
Binance has recently highlighted a concerning trend in the cryptocurrency landscape. Scammers are leveraging the thaw in the crypto market to reintroduce exchange token listing scams, exploiting the identities of prominent industry figures. Yi He, the co-founder of Binance, and Anndy Lian, a well-known blockchain author, have both reported fraudulent activities conducted under their names.
Rising Concerns Over LinkedIn Impersonation
Yi He’s identity has become a tool for deceit, with impostors creating convincing LinkedIn profiles to approach potential victims. These scammers promise token listings on Binance in exchange for substantial payments. Yi He clarified her limited involvement with LinkedIn and her non-participation in listing discussions, urging vigilance against those who falsely claim insider connections.
Anndy Lian’s revelations about WhatsApp scams add another layer of concern. Fraudsters are mimicking Binance staff, luring individuals into joining cryptocurrency groups with the false promise of passive income.
Binance has as a result officially stated that such groups do not exist under their banner, emphasizing the importance of verifying the authenticity of any unsolicited offers.
Binance’s Stance on Security and Verification
In response to these fraudulent activities, Binance’s customer support has issued guidelines for its users. They advise verifying the legitimacy of any contact claiming affiliation with Binance through official links provided on the exchange’s website.
This verification process encompasses various communication channels including email, phone numbers, and social media profiles. Binance firmly advises against engaging with unofficial sources or disclosing sensitive account information to them.
Exchange token listing scams are not new but have resurfaced with renewed vigor, exploiting the recent upswing in the crypto market. These scams often begin with professional-looking LinkedIn profiles reaching out to project developers, promising token listings for a hefty deposit. Unfortunately, these deceptive practices lead to financial losses, with the promised listings never materializing.
Read Also: XRP Ledger (XRPL) EVM Sidechain Now Accessible on Mobile, Here’s How
- Breaking: Jerome Powell Cools Further Rate Cut Expectations, Bitcoin Drops
- Senate CLARITY Act Markup Delayed Amid Looming U.S. Government Shutdown
- $1.7T Morgan Stanley to Partner with ZeroHash to Offer Crypto Trading
- Ripple and Securitize Enable RLUSD Support for BlackRock and VanEck’s Tokenized Funds
- Breaking: SEC To Introduce ‘Innovation Exemption’ Rules to Ease Crypto Product Launches
- PEPE Coin Price: Analyst Sees Breakout-Retest Pattern- Will It Surge Over 230%?
- Shiba Inu Price Eyes 25% Rally as Outflows Jump and Whales Buy 62B Coins
- XRP Price Rises on mXRP Launch, Recovery Ahead?
- Solana Price Prediction: $836M Whale Transfer Spark Fear of $200 Retest Before 62% Rebound
- Bitcoin Price Prediction: $150K in Q4 as Gold’s ATH Momentum Sets the Tone
- PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
