Scam alert! Binance CEO warns users of massive SMS phishing scam

Binance CEO Changpeng Zhao has alerted the crypto community against a 'massive' SMS phishing scam targeting Binance customers.

On Friday, CZ tweeted alerting users of a phishing scam campaign directed at Binance users through SMS.

There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website to harvest your credential as in the screenshot below.NEVER click on links from SMS! Always go to https://t.co/9rMMAmtCxH via a bookmark or type it in.Stay #SAFU pic.twitter.com/erNwe90FN1

As per the screenshot shared by CZ, the scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials.

The CEO has warned its users not to click on any links from SMS messages and advised them to always type the URL for the exchange into their browsers manually.

Several cases of hacking and phishing have emerged so far in 2022, with some platforms suffering significant losses as a result of these attacks.

Related: Hodlers beware! New malware targets MetaMask and 40 other crypto wallets

As reported by Cointelegraph, the Wormhole token bridge was subject to a security vulnerability on Wednesday, resulting in the loss of 120,000 Wrapped Ether (wETH) tokens ($321 million) from the platform. On Jan. 17th, $33.8 million in crypto assets were stolen from Crypto.com following a security breach.

Users of digital currencies have also been advised against a new malware that targets browser plugin wallets such as MetaMask and Coinbase Wallet.