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Binance exposes new scam tactic

Cryptocurrency exchange Binance has brought to light what it called a "new type of scam" in which a user fabricated evidence ...
A BNB Chain rug pull scammed users out of $2 million worth of BNB ($11 million at today’s prices). Users asked Binance for help, and Binance said it had frozen the funds but then retracted the ...
Changpeng Zhao, the co-founder and former CEO of Binance, has called for the crypto industry to take stronger, coordinated ...
Address poisoning has returned as one of the most damaging phishing tactics in crypto, drawing renewed attention from industry leaders as losses climb. The ...
Binance co-founder Changpeng Zhao urges wallets and platforms to adopt blacklist systems to block address poisoning scams and ...
Binance’s new algorithm has already helped detect over 13.4 million spoofed blockchain addresses on BNB and over 1.68 million on Ethereum. Binance’s security experts developed an “antidote” against ...
Whale Alert reported the transaction occurred on November 28, with on-chain data suggesting that the $2 billion was sent at 10:00 AM UTC and only cost Binance a fee of 0.000026 BTC, or $0.42.
Binance‘s management has answered a few follow-up questions from the community about “how funds and wallets are managed at Binance.” Binance explains that it “holds all of its clients’ crypto-assets ...
Changpeng Zhao, the founder of cryptocurrency exchange Binance, popularly known as CZ, has called for industry-wide action to eliminate address poisoning scams. CZ made the rallying call after a $50 ...