Binance CEO Warns Users About Sophisticated API Scam Risks

Binance has issued a critical warning about new scams targeting users’ accounts through fraudulent customer service calls and manipulated API settings. The company emphasizes the growing sophistication of these scams, which are now exploiting social engineering techniques to gain unauthorized access. 💰 This highlights the need for enhanced vigilance by users, as well as robust security practices on digital platforms. Binance CEO Richard Teng states that this rise in sophisticated scams underscores the significance of user collaboration and shared responsibility in securing crypto assets. 🔒 They urge users to enable two-factor authentication and verify contacts through official channels to minimize risk.