Binance cofounder Yi He has warned the cryptocurrency community in a crucial statement that a phoney account mimicking her has caused some users to be defrauded. The warning was sent in response to a tip that stated someone had stolen 60 ETH after clicking on a malicious link that the phoney account had uploaded.
Yi He notified her fans and the larger cryptocurrency world about the imposter on her official X account, @heyibinance. She made it clear that Binance Coin (BNB) is the sole cryptocurrency she supports and that this account is her only authentic social media presence.
https://x.com/heyibinance/status/1801608226191884546
This differentiation is essential because con artists frequently use the authority of prominent persons in the field to mislead the public.
As a result, the cryptocurrency community is strongly urged to continue keeping an eye out for the existence of phoney accounts. To help stop such frauds, the cofounder of Binance is urging the cryptocurrency community to report any suspicious behaviour and phoney accounts to the relevant authorities. It is imperative that we work together to stop others from falling victim to scams.
Binance Chinese’s warning
Binance Chinese has also urged users to use cautious while interacting with internet material, echoing Yi He’s admonition. They stress how crucial it is to avoid clicking on unidentified websites and scanning strange QR codes.
Before engaging with any content linked to cryptocurrencies, users are reminded to always obtain formal verification through official channels and to take precautions to protect their personal information and assets.
The cofounder of Binance was recently involved in an event that highlights the sophistication of internet frauds and the need for caution in the digital asset market. The cryptocurrency community is advised to exercise caution and always double-check the veracity of information before acting.
