#CryptoScamSurge In July 2025, Binance traders faced a new wave of crypto scams. According to a report by Chainalysis, over $2.17 billion was lost to fraud in the first half of the year — a record level. Among the dangers are phishing attempts via fake SMS and calls from "Binance support," where attackers request 2FA codes — be cautious.

Binance recently warned about scammers posing as support staff who send malicious QR codes for instant account access. CEO Richard Teng reminded: "Enable 2FA, secure your devices, stay alert to scams".

There are also increasing risks of "pump-and-dump" schemes — the altcoin $ALT once crashed from $190 million to $3 million within hours after insider dumping.