<a href="https://www.cryptoknowmics.com/news/binance-ceo-changpeng-zhao-is-the-richest-person-in-crypto-bloomberg/">Changpeng Zao</a>, the CEO of Binance, has issued a warning to users about a huge SMS phishing scheme aimed at Binance users. The world's largest cryptocurrency trading platform is being used to trick customers into visiting a malicious website in order to steal their credentials.
<blockquote>Changpeng Zhao tweeted on Friday “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!”  </blockquote>
The tweet further advised users to save or type the <a href="https://www.cryptoknowmics.com/news/binance-restricts-trading-accounts-in-nigeria-over-security-concerns/">Binance</a> website address into their browser. This way users of Binance might protect their passwords.  

https://twitter.com/cz_binance/status/1489545612718579715?s=20&amp;t=b_QXo6ETWZ3DRVCJBGCbBA

Changpeng Zhao's tweet is made up of a screenshot that appears to be in the form of a text message and is directed at Binance users. The source of the text message appears to be from the exchange, but it contains a malicious link. 

Users will be sent to a phishing website if they click it. This website will then harvest the user's credentials in order to defraud them of their <a href="https://www.cryptoknowmics.com/news/fidelity-argues-that-bitcoin-is-a-superior-form-of-money/">money</a>. 

The picture also showed that the mail will include a withdrawal request from a fictitious IP address. When a user hits the link, it will guide them through a series of procedures that will allow them to cancel the withdrawal request.

Users will be ripped off if they click on the link since the fake website will grab their credentials. 

It's unclear if this type of phishing is just aimed at Binance users, but till now, they are the only ones who have been affected. Other <a href="https://www.cryptoknowmics.com/news/ftx-buys-japanese-crypto-exchange-liquid-group-for-asia-expansion/">platforms</a> are almost certainly on the radar as well. The number of Binance users who fell victim to the recent phishing scam has yet to be reported or revealed.

Binance CEO Alert Users of a Massive SMS Phishing Scam

Changpeng Zao, the CEO of Binance, has issued a warning to users about a huge SMS phishing scheme aimed at Binance users.

Yash completed his graduation in b.tech (Computer Science ). Yash is passionate about applications of blockchain technology. Yash believes use of blockchain technology can transform our lives at a large scale. Yash daily reads articles, research reports and also  documentation of different protocols. Yash listen to podcasts to know the view of industry experts.

Binance CEO Alert Users of a Massive SMS Phishing Scam

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