"Binance Alert: Beware of False Reward Scams

A new scam has been identified on Binance, targeting users with false promises of significant rewards. Scammers are asking users to send tips on Binance Square in exchange for large amounts of Bitcoin. Unfortunately, many have fallen victim to this scam, resulting in financial losses.

The scammer's post claims that tipping a certain amount will result in a corresponding Bitcoin reward, with a false claim of 410 people already receiving large amounts. However, this is a ruse to trick users into sending tips. Once the scammer receives the tip, they change their username and disappear with the funds.

To protect yourself and others:

- Be cautious of users making unrealistic promises

- Report suspicious posts immediately

- Help keep Binance Square safe and secure

Share your experiences and suggestions on how to prevent these scams. Let's stay vigilant and keep our community safe! #ScamRiskWarning