Binance CEO Richard Teng has issued a security advisory urging all users to take an active role in protecting their digital assets. He noted that while platforms like Binance employ modern security systems, user action is crucial in preventing losses.
Importance of User Vigilance
Teng emphasized that safeguarding assets in the crypto market requires consistent effort from both platforms and users. He described online security as a shared task, with individuals needing to remain alert and apply all available protection tools provided by the platform.
Safety Recommendations
In his message, Teng encouraged users to activate two-factor authentication (2FA) to strengthen account access security. He also advised users to secure their devices, remain cautious of scams, and utilize all Binance safety features. 'Enable 2FA, secure your devices, stay alert to scams, and make full use of the safety tools we provide,' Teng said.
Historical Context and Significance of Caution
The Binance CEO also referred to recent incidents that show the dangers of poor user security. In 2024, thousands of Australian wallets were compromised in phishing attacks that resulted in losses totaling hundreds of millions of dollars. These attacks highlight the importance of user vigilance. Teng's warning serves as a timely reminder for all participants in the crypto space to take personal security seriously.
In a constantly shifting crypto landscape, user vigilance and the use of available safety tools remain the primary means of protecting digital assets.
