Right, picture the scene: you, gloriously sprawled on the sofa in fluffy socks, possibly clutching a biscuit, when suddenlyâyou realise your crypto assets might be one fat-fingered click away from being stolen by Kevin the Hacker (no offense to Kevins). Enter Richard Teng, CEO of Binance, swooping into X/Twitter like a concerned headteacher with a megaphone. His message? âOi, wake up! Lock your digital front door or the crypto equivalent of raccoons will rummage in your bins.â đŚđ
Turns out, as crypto grows into something bigger than the contents of my fridge after a payday shop, so does the risk of losing it in the digital black hole of scams. Tengâs vibe was less “doom and gloom,” more “get your act together if you donât want your Bitcoin taking an unscheduled flight.”
Binance Brings the Fort KnoxâBut Youâre Still Hiding Your Key Under the Welcome Mat
Mr. Teng assures us that Binance has more protective measures than my mum has Tupperware lidsâadvanced encryption, fraud-detecting robots, and 24/7 monitoring that probably never even blinks. (Seriously, someone check on those guys.)
But none of it counts if you, dear user, are out here making âpassword123â your password for the 17th time or telling scammers your seed phrase âjust this once.â
The real secret? Teamwork: Binance locks the gates, you stop opening the windows for strangers.
Security Reminder
Weâre committed to keeping you safe, but your role is just as important.
Enable 2FA, secure your devices, stay alert to scams, and make full use of the safety tools we provide.
â Richard Teng (@_RichardTeng) July 9, 2025
Four Infuriatingly Sensible Things You Should Do But Probably Wonât
Teng, very sensibly, suggests:
- Enable Two-Factor Authentication (2FA): Yes, itâs that thing you put off, but itâll save your crypto bacon. Not as annoying as losing all your money, promise.
- Keep Your Devices Secure: If your phoneâs OS is still from 2016, consider an update. Donât act shocked when malware slips in otherwise.
- Watch Out for Scams: If anyone offers to double your crypto, assume youâre about to lose it. The prince of Nigeria does not want your memes, just your passcode.
- Use Binanceâs Safety Features: All those buttons and toggles are actually useful. Go on, try clicking things other than âwithdraw all.â
Also, maybe, just maybe, use passwords that donât include your catâs birthday and stay savvy with those suspicious emails. Phishing is in, and not the relaxing-by-the-river type.
Scams: Now Smarter, More Expensive, Still Incredibly Annoying
Need convincing? Australians alone waved goodbye to hundreds of millions last year thanks to phishing and âother tricks.â Whole wallets, gone. If that doesnât make you want to put all your savings in a sock under the bed, I donât know what will.
Tengâs regular reminders are basically the digital version of âlook both ways before you cross the street.â Necessary, if not particularly rock and roll.
Crypto Twitter Responds: âSAFUâs the New YOLOâ
Social media was quick on the uptakeâBinanceâs followers chimed in with pledges to be more vigilant, security memes, and the occasional âSAFUâ shout (way cooler than saying âsafe,â obviously).
Replies abounded: âPersonal security is everyoneâs responsibilityââwhich is 100% what you say before ignoring your own advice.
Binance: Education, Innovation, and Making Sure You Donât Lose Your Shirt (Or Bitcoin)
Binance is clearly determined to keep your coins where they belong (i.e., with you and not Sergey in his mumâs basement). Tengâs dream? Powered-up users skipping off together into the crypto sunset, never getting scammed, strong passwords in hand. Or at least only losing their coins the old-fashioned way: bad trades and emotional investment in dog coins. đ¤Śââď¸đ
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2025-07-09 18:11