Binance CEO Sounds the Alarm About a Dangerous Scam: Details

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).