We’ve observed a growing scam trend targeting Korean users involving fraudsters impersonating government officials or law enforcement officers. These scammers falsely accuse users of being involved in crimes such as money laundering, scams, or court cases, and then manipulate them under the guise of an ongoing investigation.
🛑 Here’s how the scam works:
Scammers contact users, pretending to be police, prosecutors, or other authorities.
They claim the user is under investigation and must not tell anyone—isolating the victim from friends and family.
Victims are then directed to:
Create a Binance account, if they don’t already have one.
Receive and transfer crypto from other wallets or exchanges into Binance, supposedly as part of the investigation.
Move the crypto out of Binance to external addresses—believed to be controlled by the scammer.
This causes the user to unknowingly act as a money mule, moving funds on behalf of scammers.
At the same time, they’re also instructed to transfer their own personal crypto assets into Binance and out to the scammer’s wallet—resulting in direct financial loss.
By the time the victim realizes it’s a scam, both their own funds and the assets they helped transfer are gone.
⚠️ Warning Signs to Look Out For:
Unexpected calls from someone claiming to be law enforcement.
Being asked to keep things secret from family or friends.
Instructions to move crypto between platforms for “investigation purposes.”
Pressure to act quickly or face legal consequences.
✅ What You Should Do:
Binance will never ask you to transfer assets for investigations.
No real government agency will contact you via unofficial channels to conduct investigations involving crypto transfers.
If in doubt, contact local authorities and report the incident to Binance immediately via Binance Support.
Stay vigilant, stay safe. Don’t fall for impersonation scams.