Binance Issues Warning Over 'Address Poisoning' Phishing Scam

Binance has issued an alert to its users about a phishing scam known as 'address poisoning.' In this type of attack, scammers create fake addresses that resemble legitimate ones and add them to the victim's transaction history.

Users who accidentally copy these fake addresses during a transfer can send their funds to the attacker, making it impossible for them to recover their assets, including $BNB ($775.46).

To avoid falling victim to this scam, Binance advises its users to enable full address verification, use a whitelist of trusted addresses, and perform small test transfers before sending large amounts.