Binance: “Beware of fake support calls targeting your API”
- Scammers impersonate Binance customer support to manipulate users into changing their API settings.
- Victims are tricked into believing their accounts are at risk, leading to unauthorized withdrawals.
- API changes appear legitimate, allowing scammers to bypass security checks.
The rise of impersonation scams in the crypto space highlights the urgent need for enhanced security measures and user education. As scammers become more sophisticated, it is imperative for platforms like Binance to not only track these threats but also to proactively inform and protect their users. A collaborative effort between companies and users is essential to combat these risks effectively.
