Binance co-founder Yi He warns users about an impersonator promoting fraudulent memecoins on the social media platform X.
Users are urged to avoid clicking unverified links and report fake accounts after a scammer stole 60 ETH from a victim.
Binance emphasizes verifying claims through official channels to prevent financial losses and protect digital assets.
Binance co-founder Yi He has raised an alarm about an impersonator on the social media platform X. The scammer is reportedly using her identity to deceive users, particularly by promoting fraudulent memecoins. Yi He firmly denied any involvement with new memecoins and called on X’s owner, Elon Musk, to find ways to mitigate this issue.
I have not issued any new MEMEcoins. Clicking on the link will result in your money being stolen. Many people were tricked by this hacker link and lost a significant amount of money today. Is there any way to address this issue? @elonmusk pic.twitter.com/fCiweFweBa
— Yi He (@heyibinance) June 14, 2024
Scam Alert and Public Warning
Yi He’s warning came after noticing a fake account impersonating her on X. She alerted her followers and the broader public about the scam, emphasizing the risks of clicking on the impersonator’s link, which could lead to financial losses. The hacker has already successfully tricked many people, resulting in significant financial damages.In one notable instance, a victim was scammed out of 60 ETH after clicking on a link shared by the fake account. Yi He stressed that her official X handle is Yi He and reiterated that BNB is the only token she endorses.
I noticed that a fake account has impersonated me and some users have been scammed. It’s been reported to me that someone has clicked into a malicious link and 60 ETH was stolen.@heyibinance is my only account. And $BNB is the only token that I endorse. Please stay alert to… pic.twitter.com/A91lxN7a5z
— Yi He (@heyibinance) June 14, 2024
Steps to Preventing Scams
To further caution the public, Yi He shared screenshots of the impersonator’s activities and highlighted other fake accounts attempting to mimic her identity. She urged users to stay vigilant, report any suspicious accounts, and avoid engaging with unverified links or QR codes. This call to action aims to prevent more people from falling victim to such scams.
Binance’s Support and Public Safety Measures
Binance has also stepped in to support her warning. The exchange has urged users to exercise caution with the information they encounter online. Binance advised its users to verify any claims or links through official channels before taking any actions to protect their digital assets.
Online Scams and User Precautions
This incident highlights the ongoing issue of online scammers exploiting the reputations of well-known individuals to deceive unsuspecting users. The prevalence of such scams shows the need for crypto enthusiasts to be vigilant and practice due diligence when handling digital assets. Ensuring the authenticity of information and sources can help prevent financial losses and enhance overall security in the digital space.
It is crucial for users to safeguard their investments by staying informed and cautious. The responsibility of maintaining digital security lies with each individual, and adherence to best practices is essential in navigating the ever-evolving world of cryptocurrency.
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