CZ Binance: $20 Million Saved From an Unsuccessful Crypto SCAM Attempt

Binance CEO, popularly known as CZ Binance, shared in his recent tweet how they saved $20 million from a scam attempt yesterday.

In his tweet, he said, "Scammers are so good now that they generate addresses with the same starting and ending letters, which is what most people check for when doing a crypto transfer. In fact, many wallets hide the middle part of the address with "..." to make the UI look better."

Yesterday, an experienced crypto trader was trying to send $20 million but unfortunately sent it to a scammer's wallet. He noticed this error immediately after the transaction, which prompted him to report the transaction immediately. Lucky enough, the fund was frozen.

Make sure you confirm wallet address before every transaction.

#crypto #Scams