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	<title>Binance CEO &#8211; Crypto Market Insights: Dive In with CryptoUpdate.io</title>
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		<title>Binance CEO warns Cryptocurrency exchange for huge scams!</title>
		<link>https://cryptoupdate.io/2022/02/07/binance-ceo-warns-cryptocurrency-exchange-for-huge-scams/</link>
					<comments>https://cryptoupdate.io/2022/02/07/binance-ceo-warns-cryptocurrency-exchange-for-huge-scams/#respond</comments>
		
		<dc:creator><![CDATA[Chavy S.]]></dc:creator>
		<pubDate>Mon, 07 Feb 2022 11:58:00 +0000</pubDate>
				<category><![CDATA[Cryptocurrency Trading]]></category>
		<category><![CDATA[Binance CEO]]></category>
		<category><![CDATA[Changpeng Zhao]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[hacker]]></category>
		<guid isPermaLink="false">https://cryptoupdate.io/?p=3545</guid>

					<description><![CDATA[<p>The scam for cryptocurrency consists of sending the users the text message through the link to cancel the withdrawals. Thereby the leading users for fake website that is designed to harvest the login credentials. Changpeng Zhao, the Binance CEO warned about &#8220;huge phishing scam through SMS&#8221; targeting entire cryptocurrency exchange. Zhao also mentioned in the [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2022/02/07/binance-ceo-warns-cryptocurrency-exchange-for-huge-scams/">Binance CEO warns Cryptocurrency exchange for huge scams!</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The scam for <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> consists of sending the users the text message through the link to cancel the withdrawals. Thereby the leading users for fake website that is designed to harvest the login credentials. Changpeng Zhao, the Binance CEO warned about &ldquo;huge phishing scam through SMS&rdquo; targeting entire <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> exchange. Zhao also mentioned in the tweet, &ldquo;There is huge phishing scam that is done through SMS with the link for canceling the withdrawals. It also leads to the phishing website for harvesting the credential. &nbsp;It is even very important that you should never click on the links from SMS!&rdquo;</p>



<h2 class="wp-block-heading" id="h-cryptocurrency-scams"><a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>Cryptocurrency</a> Scams!</h2>



<p>The SMS Phishing scam is basically when the hackers send the text messages. These are well design to steal any kind of the personal details or any kind of the financial information. This is irrespective of even pretending to be the much reputable site, and also getting you to simply download the malware in your mobile phone through such SMS.</p>



<p>As per the shared screenshot by CEO, this scam consists of sending the users a text message. It is through the link for simply canceling the withdrawals. Thereby leading users to any such kind of the malicious website which are well engineer to harvest login credentials. For this time, it is much unclear about the number of the Binance customers that had fallen the victim for such kind of the scam.</p>



<p>The Scams as well as heist are quite common occurrence in entire <a href="https://cryptoupdate.io/2022/02/03/aussie-billionaire-sues-facebook-over-crypto-scams-with-ags-consent%ef%bf%bc/">crypto world</a>. The <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>crypto</a> analytics mentioned illicit address that hold more than $10 billion worth of the cryptocurrencies, with mainly this held through wallets of <a class="lar-automated-link" href="https://accounts.binance.com/register?ref=42224911" rel="nofollow noopener" target="_blank" 4536>cryptocurrency</a> theft. On the other hand, the Customers that are getting defraud in it and different kind of the ways stays to be the common feature of entire <a href="https://news.bitcoin.com/indian-crypto-industry-tax-clarity-union-budget-2022-23/" rel="nofollow noopener" target="_blank">crypto industry</a> on key exchanges.</p>

<p>The post <a rel="nofollow" href="https://cryptoupdate.io/2022/02/07/binance-ceo-warns-cryptocurrency-exchange-for-huge-scams/">Binance CEO warns Cryptocurrency exchange for huge scams!</a> appeared first on <a rel="nofollow" href="https://cryptoupdate.io">Crypto Market Insights: Dive In with CryptoUpdate.io</a>.</p>
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