🚨 *Binance and Kraken Thwart Social Engineering Attacks* 🚨

Binance and Kraken have reportedly fended off social engineering attacks similar to those that targeted Coinbase, protecting customer data and preventing potential losses. These attacks involve manipulating individuals into divulging sensitive information, highlighting the importance of robust security measures.

*Key Points:*

- *Social Engineering Attack Prevention*: Both exchanges employed strong security measures to prevent unauthorized access.

- *Customer Data Protection*: No customer information was compromised during the attempted hacks.

- *Comparison to Coinbase*: Coinbase users lost $65 million to phishing scams between December 2024 and January 2025, emphasizing the need for vigilance.

*Types of Social Engineering Attacks:*

- *Phishing*: Using fake emails, messages, or websites to trick victims into revealing sensitive information.

- *Smishing*: Phishing through SMS messages.

- *Pretexting*: Creating fake scenarios to convince victims to share sensitive data.

- *Baiting*: Offering false promises or rewards to lure victims into revealing information.

- *Whaling*: Targeted attacks on high-profile individuals.

*Stay Safe:*

- *Verify Sources*: Always check the authenticity of messages and emails.

- *Use Strong Passwords*: Protect your accounts with unique and complex passwords.

- *Enable Multi-Factor Authentication*: Add an extra layer of security to your accounts.

- *Be Cautious*: Avoid clicking on suspicious links or providing sensitive information.