Binance CEO Issues Major Security Warning to WhatsApp Users

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Well, well, well. Here we are again, with another warning from Binance CEO Richard Teng-this time about WhatsApp phishing scams. Oh, the joys of online fraud, right? But don’t worry, Richard’s got our backs. He’s telling Binance users to stay vigilant against these oh-so-creative scams that are circulating on WhatsApp. Apparently, scammers have discovered the delightful world of impersonating Binance staff to steal your crypto, and guess what? They’re not shy about it.

Richard Teng Exposes WhatsApp Phishing Scams

According to Richard-who seems to be on a mission to save the world from scam artists-these scammers are sliding into your DMs like the worst kind of internet stranger. They join public crypto groups or message unsuspecting victims directly. The scammers claim to be Binance employees, offering fake investment opportunities, or they just randomly mention that something terribly important is happening to your account. Maybe it’s frozen. Maybe your funds are in jeopardy. Maybe they’re just trying to get you to give up your wallet and 2FA codes. Who’s to say?

Richard, ever the voice of reason, wants to remind everyone that Binance will never contact you in a group chat about investments or funds. Can you imagine? They’re too busy-like, doing actual business stuff. So, if you get a message like that, it’s about as legit as your cousin’s “too-good-to-be-true” crypto investment scheme.

Oh, and here’s a fun fact: Binance will only contact you via their verified X account, email, Telegram, or-drumroll-customer support. Simple stuff, right? Just don’t be the person who falls for the scam. They even recommend using the Binance Verify service to check if that email from “Binance Support” is real-or if it’s just someone trying to make your wallet their own.

Seeing more phishing scams on WhatsApp lately.

Please stay cautious – Binance will never message you in groups about investments or funds.

If in doubt, verify first.

– Richard Teng (@_RichardTeng) November 7, 2025

Seriously, don’t click any suspicious links you get from WhatsApp claiming to be Binance. If the person on the other end is asking for 2FA codes, seed phrases, passwords, or private keys, just block them. It’s probably not your friendly Binance customer support rep.

Binance is really stressing the point here-phishing scams are the number one threat in these WhatsApp scams. So, let’s break it down: phishing is just a fancy word for “I’m pretending to be someone I’m not so you’ll give me all your stuff.” Scammers send you emails, websites, or messages that look just like the real thing. They want your login credentials, your wallet information, your soul… okay, maybe not your soul, but you get the point.

They’ll trick you, and before you know it, your crypto is gone, and you’re left wondering why you trusted that guy who claimed to be “Binance Support.”

How WhatsApp Phishing Occurs

Let’s face it: scammers are getting smarter. As crypto adoption and social media use spread globally, they’ve upgraded their game. They’ve left behind the old-school email scams and moved on to WhatsApp. Why? Because everyone’s on it. It’s like the new social media goldmine for tricking people. Scammers can just slide into your DMs, pretend they’re from Binance, and boom-you’re hooked.

They’ll even join crypto-related WhatsApp groups to increase their chances of finding a willing victim. Their messages usually look something like, “Oh no, your Binance account is under attack! Quick, send us your account info and 2FA codes to fix it!” And you-poor soul-are just trying to get through your day without someone asking for your life savings. But beware: it’s all a trap.

These con artists are getting so good at pretending, they can even sprinkle in some real-looking details from public sources to make it seem legit. They’ll insist on secrecy, claiming your account’s situation is so sensitive it can only be dealt with right now. And then-poof-they disappear with your personal information or crypto. What a delightful bunch of people!

So, if you want to avoid these scammers, just do what Richard says: verify first. Maybe it’s time to update that two-factor authentication and stop clicking those shady links. Your crypto wallet will thank you later.

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2025-11-07 13:22