Binance Warns of New Scam Token Listings Using LinkedIn

Binance Warns of New Scam Token Listings Using LinkedIn
Exploiting the recent resurgence in crypto market activity, scammers are again preying on unsuspecting victims by impersonating prominent industry figures. Among those targeted are Yi He, the co-founder of Binance, and Anndy Lian, a distinguished blockchain author who has fallen victim to identity theft.

LinkedIn Impersonation: A Growing Threat

Yi He’s identity has been hijacked by fraudsters, who have crafted convincing LinkedIn profiles to trap their targets. These impostors promise potential victims token listings on Binance for hefty payments.

According to Coin Telegraph, Yi He has clarified her minimal involvement with LinkedIn and her complete detachment from listing negotiations. She urges caution and vigilance against individuals peddling false insider connections.

Anndy Lian’s Exposes WhatsApp Scams

Adding to the concern, Anndy Lian has shed light on a parallel scam operating through WhatsApp. Here, scammers masquerade as Binance personnel, enticing individuals to join cryptocurrency groups with promises of easy passive income.

In response, Binance has categorically stated that no such groups operate under its auspices. The exchange stresses the importance of verifying the legitimacy of any unsolicited offers.

Binance’s Commitment to Security and Vigilance

In light of these deceptive practices, Binance’s customer support has issued guidelines to safeguard users. They advise verifying the authenticity of any purported Binance-affiliated contact through official links provided on the exchange’s website.

According to Coin Gape, this verification protocol extends across all communication channels, including email, phone numbers, and social media profiles. Binance strongly advises against interacting with unofficial sources or divulging sensitive account information to them.

While exchange token listing scams are not novel, their resurgence amidst the recent crypto market upswing underscores the need for heightened vigilance. These scams often commence with polished LinkedIn profiles reaching out to project developers, dangling the allure of token listings in exchange for substantial deposits. However, these promises invariably lead to financial losses as the anticipated listings fail to materialize.

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Binance’s alert serves as a crucial reminder to exercise caution and diligence in navigating the increasingly complex landscape of cryptocurrency.

 

Source: https://www.econotimes.com/Binance-Warns-of-New-Scam-Token-Listings-Using-LinkedIn-1670448

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.