News
Binance Co-Founder Issues Key Warning to Crypto Community
Continue reading U.TODAY
Google News
In a critical message to the crypto community, Binance co-founder Yi He issued a warning about a fake account impersonating her, which led to some users being scammed. The alert comes after it was reported that an individual fell victim to a malicious link posted by the fake account, resulting in the theft of 60 ETH.
Yi He took his official X account, @heyibinance, to inform its followers and the broader crypto community about the imitation. He stressed that this account is his only legitimate social media presence and that Binance Coin (BNB) is the only token he supports.
This distinction is crucial as scammers often exploit the credibility of well-known industry figures to deceive the community.
The crypto community is therefore strongly encouraged to remain alert to the presence of such fake accounts. In this regard, the Binance co-founder urges the crypto community to report any suspicious activity and fake accounts to the relevant authorities to help prevent further scams. This collective effort is vital to prevent others from being scammed.
Binance Chinese warning
Echoing Yi He’s warning, Binance Chinese also advised users to be careful when dealing with information online. They stress the importance of not clicking on unknown links or scanning unknown QR codes.
Users are advised to diligently protect their personal information and assets and always seek verification through official channels before interacting with any cryptocurrency-related content.
This recent incident involving the Binance co-founder highlights the growing sophistication of online scams and the importance of vigilance in the digital asset space. The crypto community is advised to remain cautious and verify the authenticity of the information before proceeding with any action.
About the author
Tomiwabold Olajide
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analyzes and trading predictions on estimated market trends. Tomiwabold graduated from the University of Lagos.