Hong Kong authorities report that a scam SMS wave costs $450K to Binance users in the city.
Hong Kong police have issued a warning concerning a recent Binance phishing scam targeting Hong Kong users of the platform. Hong Kong ’s police force has raised the alarm after 11 Hong Kong -based Binance customers were targeted in a wave of phishing scams sent through text messages. Hong Kong police warned users of the scam in an Oct. 9 post to its Facebook page dubbed “CyberDefender.” “Recently, fraudsters posing as Binance sent text messages claiming that users must click the link in the message to verify their identity details before a deadline, otherwise their account would be deactivated.” Police said that once users clicked the link and supposedly “verified” their personal details, hackers were then able to gain full access to their Binance accounts, where they proceeded to steal all of the assets contained within the users ’ wallets. According to the post, the phishing scheme has seen 11 Hong Kong -based Binance customers report combined losses of more than $446,000 (3....