Crypto exchange Binance has taken proactive steps to combat a rise in sophisticated phishing scams targeting users through SMS messages. The company added an anti-phishing code to its SMS communications, aiming to prevent the impersonation of legitimate security alerts by scammers who are capitalizing on leaked data breaches for their own financial gain. Binance’s Chief Security Officer, Jimmy Su, underscored the company’s commitment to user safety, noting that such scams can be extremely convincing and could lead users to reveal sensitive information or transfer funds, resulting in asset losses. Binance aims to strengthen its security measures by implementing this anti-phishing code as part of a wider effort to combat phishing attempts. The move reflects growing cyber threats that necessitate continuous technological advancements against fraudsters. Binance’s enhanced security response will safeguard users while contributing to the overall trust and stability of the cryptocurrency market.