Binance warns users of phishing scam via SMS

The scammers are sending SMS messages to users and crypto owners informing them of a withdrawal request from an unknown IP address they are advised to cancel. The message includes a link that users must click to which supposedly redirects to a withdrawal cancelling request. In reality, the malicious link leads to a phishing website where scammers attempt to steal e-wallet credentials from users.

The Binance CEO advised users to always go directly to the platform using a bookmark or by typing the URL instead of clicking on links.

SMS phishing scams are of the many types of scams that target cryptocurrency investors, apart from crypto ATMs and social media scams. Moreover, Binance is not the first platform to be used by crypto scammers to try to steal assets from customers’ wallets. In August 2021, Coinbase warned its traders of a similar phishing scam via SMS.

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity