Users who fall for this trick end up sending their funds to the scammer. The same scammer sends a WhatsApp message to the user, prompting them to send their coins to a secure, Binance-certified account. The text will claim your account is under attack from a hacker and a Binance staff member with a specific (fake) employee ID will contact you via WhatsApp to help secure your Binance account.

They receive a text message from a scammer impersonating Binance staff members. This is arguably one of the most common scams reported by Binance users in Malaysia. 5 Common Cryptocurrency Scams and How to Avoid Them 1. In this article, you’ll learn how impersonator scammers operate and how you can protect your Binance account. These messages come in many different styles and include elements that make it hard to distinguish them from legitimate Binance messages. In some cases, these scammers may pretend to be tax officials, government workers, and even family members.īinance users should be on the lookout for bad actors who impersonate Binance staff to gain your trust and steal valuable information from you. Imposter scams attempts all follow a similar format: someone contacts you pretending to be someone they’re not. Imposter scams are becoming more commonplace, targeting everyday people along with traditional investors and cryptocurrency users. While many calls and messages come from telemarketers, others may come from scam callers trying to steal from unsuspecting victims. If you’ve ever received unwanted calls or messages from contacts you don’t recognize, you’re in good company.

Chinese whatsapp scams