HomeChangpeng Zhao warns of massive SMS phishing scams

Changpeng Zhao warns of massive SMS phishing scams

Hassan Maishera

An increasing number of phishing attacks are targeting cryptocurrency investors, and Binance CEO has warned them to be careful of such attacks.

Changpeng Zhao, the CEO of Binance, the world's leading cryptocurrency exchange, has warned users to be careful of massive SMS phishing attacks currently targeting them.

He made this statement following a massive SMS attack with links to cancel withdrawals that led to a website that harvests Binance users' credentials. He said;

"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 http://Binance.com via a bookmark or type it in."

According to a Binance spokesperson, CZ was warning cryptocurrency investors in general about phishing attacks and specifically about a recent one that has been targeting Binance users.

At press time, it was unclear how many Binance customers were affected by the SMS phishing attack, how many had fallen victim to it or what threat there has been to their funds.

Binance remains the number one cryptocurrency exchange in the world in terms of daily trading volume. The exchange processes billions of dollars in daily trading volume and has been leading the market since it was launched five years ago.

The broader cryptocurrency market has been performing well over the past few days. Bitcoin has finally topped the $40k level and could rally towards the $45k resistance mark over the coming days.

Ether is also trading above $3,000 after adding 15% to its value over the past week. Thanks to the recent rallies, the total cryptocurrency market cap has increased by more than $100 billion.

If the momentum is maintained, the total cryptocurrency market cap will surge towards the $2 trillion mark soon.

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