Binance Warns of Sophisticated WhatsApp and Telegram Scams
Binance has issued a fresh alert on sophisticated WhatsApp phishing scams in France and Italy, where fraudsters impersonate support staff to offer fake investment advice and request fund access. CEO Richard Teng reiterated that Binance never solicits payments or personal data via WhatsApp, group messages, or social media channels. These phishing scams have spread to Telegram and earlier SMS spoofing, showcasing evolving crypto fraud tactics. Traders are urged to verify messages only through official Binance platforms, enable two‐factor authentication (2FA), and deploy security tools to safeguard accounts. Continuous vigilance against WhatsApp scams and related phishing attacks is essential to prevent losses and protect crypto holdings.
Neutral
While Binance’s alert underscores growing phishing risks, it does not report an actual security breach or loss of user funds on the platform. Short-term trader sentiment may be cautious, prompting reviews of security practices, but the announcement reinforces Binance’s commitment to protecting assets. In the long term, enhanced awareness and adoption of two-factor authentication (2FA) could strengthen user confidence in platform security. Overall, the news is expected to have a neutral impact on market prices, as it addresses preventative measures rather than a direct threat to Binance’s operations or crypto asset integrity.