EddieJayonCrypto
14 May 25
Binance CEO Richard Teng has warned cryptocurrency holders about increased phishing scams involving fake links and impersonation of official representatives to steal login details and personal information. He emphasized that user vigilance is the first line of defense despite Binance's 24/7 security...
Binance CEO Richard Teng has issued a stern warning to cryptocurrency users about a surge in phishing scams that employ fake links and impersonation tactics to compromise account security. He stressed that despite Binance’s round-the-clock security measures, user vigilance remains the most crucial first line of defense against these threats.
Phishing scammers are increasingly sophisticated, often sending links that appear legitimate but direct victims to malicious websites designed to steal login credentials and sensitive personal information. Teng highlighted that some attackers impersonate official Binance representatives or notable figures, aiming to gain users’ trust and coax them into revealing private data that can lead to financial losses.
This cautionary message comes amid a growing wave of phishing attacks targeting the crypto community, including industry leaders like Ripple CTO David Schwartz, who narrowly escaped a convincing phishing attempt. Teng urged users to double-check URLs rigorously and to never share sensitive information with anyone, reinforcing that while Binance’s security teams work tirelessly to protect user funds, the ultimate safeguard lies in individual awareness and caution.
“Phishing scams are targeting users through fake links and impersonation. We’re here 24/7, but your vigilance is the first line of defense,” Teng emphasized, encouraging all crypto holders to stay alert and informed to protect their assets.