Binance SMS Scam Exposed – How Hackers Are Stealing Crypto 

Scammers are now targeting Binance users through SMS. They use a trick called sender ID spoofing, which makes fake messages look like real Binance texts. Scammers trick people into thinking their accounts are in danger and push them to move their money to a "trust wallet" controlled by the scammers.

These fake messages include false verification codes that look like real ones from Binance, confusing users. Scammers also give out a fake support number, pretending to be Binance staff and guiding victims to move money to fake wallets. Once the money is transferred, it's quickly laundered, making it hard to get back. This scam is similar to phishing scams from March 14 that affected Coinbase and Gemini users with fake emails.

The rise in these scams shows the growing risks in the crypto market and highlights the need for users to be more aware.

Crypto traders should also use two-factor authentication (2FA) and check their accounts regularly for any strange activity. Protecting digital assets needs users to be alert and take security seriously as scams keep changing.

Last year, investment scams led to $269 million  losses, with 47% of these cases involving cryptocurrency fraud, With many already losing money to these frauds, customers should stay alert, trust their instincts about suspicious messages, and never share sensitive wallet information. As governments and exchanges work to improve security, traders must also make smart choices to protect their assets.

Don’t forget to follow the channel.

Thank you for your time. #BinanceScamAlert #binancescam #ScamAwareness #SCAMalerts #scamriskwarning