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 <p class="is-style-lead">Hong Kong police have issued a warning after 11 local Binance users fell victim to phishing scams delivered via text messages.</p>
 <p>In a post dated Oct. 9 on their Facebook page, CyberDefender, an arm of the Hong Kong police, cautioned that individuals posing as Binance have been distributing fraudulent text messages to users.</p>
 <p>These messages falsely claim that <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> must click a link to verify their identity before a specified deadline, failing which their accounts would be deactivated.</p>
 <p>Once <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> clicked the link and ostensibly confirmed their personal information, hackers gained complete control of their Binance accounts and emptied the assets from their wallets.</p>
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    <p lang="en" dir="ltr">Beware of scammers. Stay #SAFU! pic.twitter.com/XZMDMKkBJf</p>— CZ Binance (@cz_binance) October 9, 2023
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 <p>According to the <a rel="noopener noreferrer nofollow" title="police" href="https://thebittimes.com/tag/police.html">police</a>, 11 Hong Kong-based Binance customers have already reported combined losses exceeding $446,000 (3.5 million Hong Kong dollars) in the past two weeks.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="police" href="https://thebittimes.com/tag/police.html">police</a> have asked any <a rel="noopener noreferrer nofollow" title="users" href="https://thebittimes.com/tag/users.html">users</a> who believe that they’ve received a potentially fraudulent message to log the suspicious messages on the “fraud prevention” section of its official website.</p>
 <p>Furthermore, they have shared a link to a recently released list of approved virtual asset trading platforms, as compiled by the Hong Kong Securities and Futures Commission (SFC).</p>
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 <p>The cryptocurrency landscape in Hong Kong is already in a state of disarray following the revelation of fraudulent activities by the JPEX exchange. The estimated losses from this scandal have soared to around $180 million, with local authorities receiving over 2,300 complaints from victims of the exchange.</p>
 <p>The fallout from the JPEX scandal led to multiple arrests in Hong Kong and compelled the authorities to intensify their measures against unlawful cryptocurrency offerings.</p>
 <p>Earlier this year, the SFC mandated that all crypto exchanges operating in Hong Kong must be licensed. To date, only HashKey and OSL have received this license.</p>
 <p>Despite its heavy advertising, JPEX did not actually apply for a license, leading the SFC to publish a complete list of companies that have applied, as well as expanding its list of suspicious platforms.</p>
 <p>While Binance does not have a base in Hong Kong, it operates several regional headquarters globally. Its parent company is registered in the Cayman Islands.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> JPEX to become DAO, to freeze assets for 2 years
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/hk-police-sound-alarm-as-binance-users-lose-446k-in-phishing-texts-tbt65829.html">https://thebittimes.com/hk-police-sound-alarm-as-binance-users-lose-446k-in-phishing-texts-tbt65829.html</a></p>

HK police sound alarm as Binance users lose $446k in phishing texts

TheBitTimes

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