Binance Alerts Users to Scammers Promising Phony Token Listings

In a disturbing development within the cryptocurrency sphere, Binance has shed light on a resurfacing scam trend. With the crypto market warming up, fraudsters are taking the opportunity to lure unsuspecting victims with fake exchange token listing offers, misusing the reputations of prominent figures in the sector.


Yi He


, Binance’s co-founder, along with Anndy Lian, a respected figure in blockchain literature, have both fallen victim to scammers operating under their identities.

Escalating Alarms on LinkedIn Identity Fraud

Impersonators have weaponized Yi He’s identity by setting up credible LinkedIn profiles aimed at ensnaring people with fraudulent promises of


token listings


on Binance in return for large fees. Yi He has come forward to set the record straight about her minimal activity on LinkedIn and her absence in discussions about listings, cautioning the public about the risk of fake insiders.

Moreover, Anndy Lian has lifted the veil on WhatsApp-based con tricks. Scam artists disguise themselves as Binance employees, drawing individuals into crypto discussion groups with sham offers of effortless profits.

Consequently, Binance has firmly denounced these fabricated groups, underscoring the necessity of authenticating any out-of-the-blue proposals.

The Official Position of Binance on Safeguarding and Authentication

Tackling this surge in scam strategies,


Binance’s


support center has delivered directives to its clientele. They urge a meticulous confirmation of any entity alleging an association with Binance by utilizing official mediums detailed on the trading platform’s site.

The advised verification steps cover multiple modes of communication, including emails, contact numbers, and official social media. Binance staunchly recommends against transactions with unrecognized parties or sharing sensitive account information with such entities.

While exchange token listing swindles are historical issues, they have currently resurfaced more dynamically, taking advantage of the crypto market’s recent positive movement. Typically, these frauds are initiated by polished-looking LinkedIn accounts offering token listing services for a significant upfront fee, which inevitably results in financial detriment when the listing fails to materialize.

Read Also:


Accessibility of the XRP Ledger (XRPL) EVM Sidechain on Mobile Devices, Learn How