Binance CEO Sounds the Alarm About a Dangerous Scam: Details
Aug, 26, 2025
< 1 min read
by Dimitar Dzhondzhorov
for CryptoPotato
TL;DR
- Fraudsters are making fake support calls, urging users to change their API settings. Binance’s boss reminded that the company will never request passwords or credentials by phone.
- The warning follows previous scams involving impersonated support staff, malicious QR codes, and SMS spoofing.
‘Ring, Ring, It’s a Scam’
Richard Teng, the CEO of the world’s largest crypto exchange, took to X to warn about a recent fraud that may harm unsuspecting victims. He explained that the scammers’ attacks include fake support calls that lure people into changing their application programming interface (API).
Binance CEO Sounds the Alarm About a Dangerous Scam: Details
Aug, 26, 2025
< 1 min read
by Dimitar Dzhondzhorov
for CryptoPotato
TL;DR
- Fraudsters are making fake support calls, urging users to change their API settings. Binance’s boss reminded that the company will never request passwords or credentials by phone.
- The warning follows previous scams involving impersonated support staff, malicious QR codes, and SMS spoofing.
‘Ring, Ring, It’s a Scam’
Richard Teng, the CEO of the world’s largest crypto exchange, took to X to warn about a recent fraud that may harm unsuspecting victims. He explained that the scammers’ attacks include fake support calls that lure people into changing their application programming interface (API).