CZ Warns About Massive Wave of Memecoin Scams Targeting Crypto Users

Crypto scams continue to plague the digital asset market, with a new wave targeting unsuspecting users through fake memecoin airdrops and exploited social network credibility. Binance CEO Changpeng Zhao (CZ) has sounded the alarm after high-profile attacks on verified accounts have seen millions of dollars disappear in fraudulent schemes. As memecoins surge in popularity, CZ emphasizes that scammers are increasingly using official platform accounts to spread deceptive tokens and lure unsuspecting investors.