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$📱 SMS Phishing Scam Targeting Binance Users in Australia In April 2025, over 130 Australians fell victim to a sophisticated phishing scam where fraudsters impersonated Binance representatives. These scammers sent text messages that appeared within existing message threads, claiming that users' accounts were compromised. Victims were directed to transfer their funds to a "trust wallet" controlled by the scammers. The stolen funds were quickly moved through multiple wallets, making recovery challenging. 🔍 How the Scam Operated Impersonation: Scammers posed as Binance support staff, sending messages that appeared legitimate. Urgency: Messages warned of account compromises, prompting immediate action. Redirection: Victims were guided to transfer funds to a so-called "trust wallet" for security. Fund Movement: Stolen assets were rapidly transferred across multiple wallets to obfuscate tracking. ✅ Tips to Stay Safe Verify Communications: Always confirm messages through Binance's official channels. Beware of Urgency: Be cautious of messages that create a sense of urgency or fear. Secure Your Accounts: Enable two-factor authentication and regularly update passwords. Report Suspicious Activity: If you suspect a scam, report it to Binance and local authorities immediately. #TradeStories #ScamAwareness #p2p #phishingscam
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