Binance CEO Sounds Alarm on New Crypto Scam Targeting Users

Key Notes

  • In an X post, Richard Teng talked about scammers putting fake support calls through to their victims.
  • The crypto scammers try to get users to change their API and gain access to their funds.
  • Teng’s latest alarm comes amid the growing trend of sophisticated crypto scams.

Binance CEO Richard Teng has alerted the public about a new scam targeting crypto users. In his post on X, he explained how the perpetrators put fake support calls through to their victims, in a bid to get them to change their API.

Those who fall for the scam end up losing their assets.


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