Cryptocurrency exchange Binance CEO warns of major SMS phishing scams

Binance CEO Changpeng Zhao on Friday warned of “major phishing scams” targeting cryptocurrency exchanges. Zao tweeted, “There is a huge phishing scam via SMS to remove the bindings. It leads to a phishing website to collect your credentials, as shown in the screenshot below. Never load links from SMS! “

SMS phishing scams are when hackers send text messages designed to steal personal or financial information from you, pretending to be a popular site, or downloading malware to your phone.

According to a screen shot shared by the CEO, the scam eliminates the cost of sending text messages to users and leads to a malicious website designed for users to collect their login credentials. So far, it is unclear how many Binance customers were affected by the scam.

Fraud and fraud are commonplace in the crypto world. A.D. In early 2022, crypto analytics firm Chainalysis He said. Illegal addresses already contain more than $ 10 billion in cryptocurrencies, most of which are in the form of cryptocurrencies. Clients who are deceived by this and other means remain a common feature of the crypto industry, even in major exchanges.

Earlier in January, He acknowledged He said at least 483 users had lost $ 34 million in cryptocurrencies by hacking into cybercriminals. More recently, hackers have stolen nearly $ 320 million in cryptocurrency decentralization (DeFi) platform. Wormhole Portal. The Diff platform is a bridge between cryptocurrency Solana (SOL) and other blockchains, exploited for 120,000 packaged Ethereum.

For the uninitiated, DeFi is an alternative financial environment where consumers can transfer, trade, borrow and lend rather than traditional financial institutions and regulatory structures around the bank. Daffy’s movement is using computer code to “finance” trusts and intermediaries to eliminate the need for intermediaries in transactions.

In 2021, hackers are targeting DeFis, another warning for those entering this new crypto industry. “DeFi is one of the most exciting ecosystems that offers great opportunities for entrepreneurs and crypto users,” Chainalysis wrote in its annual Crypto Crime report.


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