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Beware Of ‘Massive’ SMS Phishing Crypto Scam, Warns Binance CEO

A couple of Binance customers have been sent an SMS instructing a withdrawal from their account with an incorrect link provided to cancel it, according to a recent tweet by Changpeng Zhao.

Changpeng “CZ” Zhao, the CEO of Binance warned of a “massive phishing scam via SMS” with a link to cancel withdrawals that leads to a website that harvests the credentials of Binance users.

Zhao mentioned,

“NEVER click on links from SMS! Always go to http://Binance.com via a bookmark or type it in.”

A Binance spokesperson mentioned that Zhao was cautioning individuals in general about SMS phishing swindles and quoting one that had targeted Binance users, nonetheless not mentioning there was only 1 particular scam against the exchange.

It was not clear how many had fallen victim to the scam, how many users had been targeted with the swindle, or what threat there has been to their crypto funds.

Customers being deceived in this and other ways remain a common feature of the digital asset domain even on key digital asset exchanges. Most recently, around thirty four million dollars was stolen from Crypto.com users through a hack on 17th January.

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