Binance Alerts Users to Increased SMS Phishing Threats and Plans Security Features
Binance has issued warnings about an increase in SMS phishing attacks targeting its users. This method allows scammers to impersonate trusted companies by spoofing sender numbers.
Security Measures and User Guidance
- Binance is enhancing security features to help users verify the authenticity of text messages.
- The exchange emphasized that it does not contact users via SMS or phone calls; all communication occurs through official channels.
- Users are advised to verify SMS sources and refrain from clicking on suspicious links.
- Protect personal information, particularly passwords and private keys.
“Binance is committed to protecting the security of user assets and combating illegal fraud.”
Incidents of Phishing Scams
- A cybersecurity team reported a surge in SMS phishing attempts aimed at Binance users.
- Scammers create convincing messages mimicking Binance's official service.
- Case of a user who was misled into transferring funds to a fraudulent wallet, resulting in a loss of approximately $200.
According to ScamSniffer, 9,220 victims lost $10.25 million to phishing scams in January, a decrease from December's $23.58 million. Despite this improvement, Coinbase users reportedly lose over $300 million annually due to similar attacks, as noted by blockchain investigator ZachXBT.