Binance Sounds Alarm on Phishing Scams Targeting Crypto Investors

Binance has issued a critical warning about phishing attacks targeting its users. The world's largest cryptocurrency exchange advises clients to be extremely cautious after a rise in scams.

Attackers send fake 'security alert' text messages to trick users into clicking malicious links, potentially resulting in devastating losses.

The scammers often disguise their messages as official notifications, such as 'Your account settings were changed: or 'Suspicious login detected.'

Binance clarifies that it will never ask users to tap a link in a text message to 'verify' or 'secure' their account.