The fraudulent texts direct users to sophisticated imitation websites designed to harvest passwords, authentication codes, and recovery phrases. Binance clarified that it never initiates contact via text message to verify account credentials or security status. To mitigate risk, the exchange encourages users to verify any suspicious communication through its official 'Binance Verify' portal before engaging or inputting sensitive data.
In section Cryptocurrency
Binance Issues Alert Over Surge in Sophisticated Phishing SMS
Cryptocurrency exchange Binance warned users on Sept. 3 of a sharp rise in phishing attacks, where scammers send text messages disguised as urgent account security alerts. These messages, which falsely claim that login activity or account settings have changed, aim to trick recipients into clicking malicious links.
Beyond basic caution, Binance recommends implementing specific security layers to limit potential damage. The most effective safeguard is the withdrawal address whitelist, which restricts fund transfers to pre-approved destinations. Additionally, users are advised to enable an anti-phishing code for email correspondence, ensuring that official messages carry a personalized identifier. While the exchange utilizes over 100 artificial intelligence models to monitor for illicit activity, these automated defenses cannot stop users from voluntarily providing credentials to attackers. In the event of accidental interaction with a malicious link, customers should immediately contact support through the official mobile application and avoid further contact with the scammer.
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