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Binance Strengthens Security Measures Against Fraud

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by Giorgi Kostiuk

4 hours ago


Binance CEO Richard Teng has issued a strong reminder for users to focus on their account security in light of increasing fraudulent attacks.

Importance of Personal Security

Richard Teng emphasized that while Binance strives to keep users safe, clients must take necessary precautions. He recommended enabling two-factor authentication, securing their devices, and remaining vigilant against scams.

Facts About Fraud Attacks

This year, Binance users have encountered several targeted attacks, including fake SMS alerts claiming account breaches from North Korea and phishing links. These attacks aim to steal funds or personal data.

Warnings and Recommendations from Binance

Teng also reminded users of recent incidents where scammers impersonated Binance support and used malicious QR codes to obtain personal information. Binance has issued warnings on the importance of using only official channels and reporting any suspicious activity.

Binance clients need to actively implement security measures to protect their personal data and funds. By staying vigilant and following recommendations, users can mitigate the risk of fraud.

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