“Binance won’t ever contact you on WhatsApp to supply funding alternatives, request funds, or ask in your private info,” the crew stated.
Binance is the world’s largest crypto trade, boasting a consumer base of over 280 million folks. That recognition, although, has made it a gorgeous goal for scammers who usually impersonate the trade’s assist providers to lure victims.
Purchasers are suggested at all times to confirm info via official channels and stay skeptical of unsolicited messages.
French and Italian Customers are in Larger Hazard
Earlier this week, Binance’s CEO, Richard Teng, sounded the alarm about current phishing scams on the messaging platform WhatsApp. He clarified that the corporate won’t ever message customers in teams relating to investments or funds.
Seeing extra phishing scams on WhatsApp recently.
Please keep cautious – Binance won’t ever message you in teams about investments or funds.
If unsure, confirm first.
— Richard Teng (@_RichardTeng) November 7, 2025
Previous to that, the trade issued an in depth warning on the matter. The crew has recognized a wave of WhatsApp scams the place dangerous actors faux to be Binance representatives, particularly in areas like France and Italy, to deceive shoppers and request funds or supply pretend funding recommendation.
“Let’s be clear: Binance won’t ever contact you on WhatsApp to supply funding alternatives, request funds, or ask in your private info. Anybody claiming to characterize Binance and reaching out to you this fashion is making an attempt to rip-off or defraud you,” the corporate said.
In accordance with Binance, these impersonation scams have change into more and more refined, noting that the perpetrators additionally use Telegram and different platforms to focus on victims. The agency’s crew stated data in regards to the menace is essentially the most vigorous protection, urging customers to unfold the phrase about any potential scams and thus shield the neighborhood.
“To remain protected, at all times confirm info via Binance’s official channels — our web site, verified social media accounts, or the Binance App. Staying alert, knowledgeable, and skeptical of unsolicited messages is one of the simplest ways to maintain your crypto safe. Collectively, we are able to construct a safer crypto neighborhood for everybody,” the alert reads.
Extra Safety Measures
Earlier this yr, CEO Richard Teng advised all customers to allow two-factor authentication (2FA), make the most of the protection instruments supplied by Binance to their fullest extent, and stay vigilant for potential fraudulent schemes.
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His reminder got here just a few months after a few of the trade’s customers had been targeted in an SMS spoofing assault. Particularly, shoppers obtained textual content messages that appeared to return from the same old quantity used for sending verification codes.
The SMS claimed their accounts had supposedly been accessed from North Korea, urging them to arrange a selected pockets and switch all their funds there. For sure, this was a rip-off, and people sending holdings to the doubtful handle suffered losses.
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