According to a Binance blog post, users need to be careful to guard against social engineering scams. Social engineering is a method used by cybercriminals to exploit human psychology and deceive victims through phishing emails, phone calls or messages. Digital footprints have also become information that criminals use social engineering techniques to target individuals, so it is crucial to manage personal information to reduce potential risks.

Users need to remain alert to potential threats and enable features such as two-factor authentication, SMS verification, and Google Authentication for increased security. Binance only communicates through its official, verified channels and will never contact via text message or add users to group chats. Users can use Binance’s official verification channels to prevent fraud. Binance will continue to strengthen security measures and cooperate with law enforcement agencies to curb fraud at the source.