- Binance CEO Richard Teng has warned users about a surge in phishing scams using fake links and impersonators to steal personal information.
- He emphasized that user vigilance is the first and most critical defense against such attacks.
Binance CEO Richard Teng has issued a stark warning to the crypto community amid a surge in phishing scams targeting unsuspecting users. In a recent post on X (formerly Twitter), Teng urged cryptocurrency holders to remain alert as malicious actors grow more sophisticated in their attempts to steal funds and personal data.
According to Teng, scammers are increasingly using deceptive links that mimic legitimate Binance platforms. Once clicked, these links redirect users to fake websites designed to steal login credentials and access private information. “Phishing scams are getting harder to spot,” Teng stated, emphasizing the importance of not clicking on unverified links or interacting with unsolicited messages.
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Adding to the threat, Teng warned that scammers are impersonating official representatives—including Binance employees and even Teng himself—in an effort to gain users’ trust. These impersonators may offer fake support services or investment advice, all designed to manipulate users into revealing sensitive details.
Despite Binance’s commitment to maintaining 24/7 security and safeguarding user assets, Teng made it clear: “The first line of defense is you.” He stressed the need for personal responsibility when navigating the crypto space—double-checking URLs, using two-factor authentication, and never sharing passwords or private keys, even with those claiming to be support staff.
Teng’s warning comes as the crypto world grapples with a rise in digital fraud. Just recently, Ripple CTO David Schwartz narrowly avoided falling victim to a phishing attack—proof that even seasoned professionals can be targeted.
As phishing tactics become more advanced, Teng’s call to action is a timely reminder: no matter how secure a platform may be, users must stay vigilant. Scammers prey on urgency, trust, and curiosity—so taking a moment to verify a link or question a message could mean the difference between staying safe and suffering a loss.
