Binance recently highlighted a worrying trend in the cryptocurrency scene. Scammers are taking advantage of the thaw in the cryptocurrency market to reintroduce scams by advertising the listing of tokens on the platform. Exploiting the identities of prominent figures in the industry. Both reported to Yi He, co-founder of Binance. and Andy Lien, the famous blockchain author, for fraudulent activities conducted under their names.
Concerns grow over LinkedIn impersonation Yee's identity has become a tool for scams, as scammers create convincing LinkedIn profiles to connect with potential victims. These scammers promise to list tokens on Binance in exchange for large payouts. Ye Hee explained her limited involvement with LinkedIn and her lack of involvement in listing discussions. She urged vigilance against those who falsely claim insider communications.
Anndy Lian's revelations about WhatsApp scams add another layer of concern. Scammers are imitating Binance employees, luring individuals to join cryptocurrency groups with the false promise of passive income.
As a result, Binance officially announced that such groups do not exist under its banner. Emphasizing the importance of verifying the validity of any unsolicited offers.
Binance's Position on Security and Verification In response to these fraudulent activities, Binance Customer Support has issued guidance to its users. They advise verifying the legitimacy of any contact claiming affiliation with Binance through the official links available on the trading platform’s website.
This verification process includes various communication channels including email, phone numbers and social media profiles. Binance strongly advises against dealing with unofficial sources or revealing sensitive account information to them.
Token listing scams on the trading platform are not new but have resurfaced with renewed vigor. Taking advantage of the recent rise in the cryptocurrency market. These scams often start with professional-looking LinkedIn profiles contacting project developers. It promises symbolic lists in exchange for a huge deposit. Unfortunately, these deceptive practices lead to financial losses. With the promised insertions never being implemented.
