Binance continues to prioritize user safety by warning about new fraud schemes. It is crucial to be aware of risks in order to protect assets.
Binance's Warning About API Scam
Binance CEO Richard Teng has issued a warning regarding a new scam involving fake customer service calls aimed at altering API settings. He noted that such instances have risen since August 26, emphasizing the importance of vigilance and security measures. "We’ve seen a rise in increasingly sophisticated scams. That’s why we’ve strengthened both our technical defenses and user awareness efforts... Security in crypto is not just the platform’s job—it’s a shared effort," said Richard Teng.
Bitcoin Price Dynamics Amid Evolving Scam Tactics
As of August 26, 2025, Bitcoin (BTC) trades at $110,284.94, marking a 1.06% drop in 24 hours. Current data from CoinMarketCap shows BTC’s market cap at $2.20 trillion, with market dominance of 57.81%. The 24-hour trading volume stands at $86.18 billion, reflecting a 9.70% change.
Collaboration in Crypto Security
The Coincu research team highlights the persistent threat landscape in digital currency security, with scams adapting to technological advancements. Emphasis is placed on collaboration between platforms and users for enhanced security, underscoring the shared responsibility in safeguarding digital assets from evolving threats.
Binance's warning about new fraud schemes emphasizes the need for user vigilance and the enhancement of security measures, which are crucial for protecting cryptocurrency assets.
