Tech
Binance Co-Founder Advises Cryptocurrency Investors Caution, Warns of Rise in Quote Scams
Binance co-founder Yi He has revealed that known unidentified elements are contacting existing or potential cryptocurrency investors, offering them lists of scam tokens in exchange for money using his name. These types of scams are classified as “token list” scams. Through social networking platforms like LinkedIn and . Scammers also sometimes target crypto projects by tricking them into paying and listing their tokens on popular exchanges.
In He’s case, scammers impersonating her contacted strangers primarily via LinkedIn. Recommend the crypto community to be wary of these scammers, he published a detailed post on X. He also attached an image of the message his impersonators forwarded, to give people an idea of what to watch out for.
“Please be wary of those who claim to be close to me and discuss investments or stock quotes with you,” he said published from your X account.
I would like to expose a scam that often happens: I have a LinkedIn account, but I forgot the password a long time ago; I’m also not in the business of discussing plans for a potential listing; please be wary of those who claim to be close to me and argue with you… pic.twitter.com/gpIj41vx92
— Yi He (@heyibinance) January 29, 2024
Earlier this month, self-proclaimed blockchain expert Anndy Lian also brought several suspicious groups to light WhatsApp messaging application. Through these unauthorized groups, scammers have been known to lure group members into free cryptocurrency investment opportunities, cryptocurrency rewards, and monthly events, among other services.
“This gives cryptocurrencies a bad name,” Lian posted in a tweet, which also showed a screenshot of a fake Binance WhatsApp group titled “Singapore Binance T10”.
I really hate this kind of scam #Binance titled groups on WhatsApp. This gives cryptocurrency a bad name.
1) Binance has no such groups offering you passive income
2) If anyone in the group says they are @cz_binance please tell him to read the newspaper
3) Output + report pic.twitter.com/CtJ9FXTI7O— Anndy Lian (@andndylian) January 24, 2024
Commenting with He’s word of caution, Lian reshared his previous tweet and called for better education and awareness for industry participants.
The cryptocurrency industry, which currently stands at a valuation of $1.67 trillion (approximately Rs. 1,38,82,793 crore), has remained riddled with scams for years now. According to a recent report by cybersecurity firm PeckShield, over 600 cyber attacks on cryptocurrencies occurred in 2023 resulting in the loss of $2.61 billion (approximately Rs. 21,696 million). reportedly disclosed. However, it also said that crypto hacks and scams decreased by 27.78% in 2023 after the introduction of some new rules and regulations in the industry.
Affiliate links may be automatically generated – see our Ethics statement for details.
Fuente