Australian Authorities Crack Down on Crypto Scammers Impersonating Binance
Australian authorities have intensified efforts to combat a sophisticated cryptocurrency scam in which fraudsters impersonate Binance, the world’s largest crypto exchange by trading volume. The crackdown follows a series of fraudulent attacks targeting local users.
In a joint operation, the Australian Federal Police (AFP), the National Anti-Scam Centre, and Binance Australia have issued warnings to potential victims. The scam exploits fake messages to deceive individuals and steal their cryptocurrency holdings.
According to the AFP, over 130 potential victims have been identified and alerted as part of a proactive effort to curb the fraudulent activities. Authorities revealed that scammers used SMS and encrypted messaging platforms to pose as Binance representatives, falsely claiming that users' accounts had been compromised.
Law enforcement agencies continue to investigate the fraud, urging the public to remain cautious and verify communications from financial institutions before taking any action.