2024

Crypto exchange listing scams are making a comeback amid a broader market recovery.
According to a Jan. 29 <a href="https://twitter.com/heyibinance/status/1751893451799454013" target="_blank" rel="noopener noreferrer nofollow">post</a> by Yi He — a co-founder of Binance and the spouse of the exchange’s former CEO, Changpeng Zhao — a LinkedIn impersonator is using her name and position to offer token listings in exchange for payment.
“I do have a LinkedIn account, but I have long forgotten the password,” said He. “I am also not in charge of discussing with projects for a potential listing; please be wary of those who claim to be close to me and discuss with you about investments or listing."
In a separate post, blockchain author Anndy Lian also <a href="https://twitter.com/anndylian/status/1751900433000628486" target="_blank" rel="noopener noreferrer nofollow">revealed</a> screenshots of WhatsApp users pretending to pose as Binance staff, with offers of free money for joining cryptocurrency discussion groups. “Binance does not have such groups that offer you passive income,” Lian wrote.&nbsp;
Binance’s customer support later <a href="https://twitter.com/BinanceHelpDesk/status/1752004103197077997" target="_blank" rel="noopener noreferrer nofollow">clarified</a> that users should use links from the official site to check if individuals reaching out with unsolicited offers are, in fact, from Binance. “It can be used for the website link, email address, phone number, WeChat ID, Twitter account, or Telegram ID,” it stated. “Please do not contact any unofficial/non-verified sources or reveal your account details to them.”
Exchange listing scams became widespread in the last bull market. An <a href="https://cointelegraph.com/news/only-50-or-so-profiles-out-of-7-000-binance-employees-on-linkedin-are-real-says-cz" rel="noopener noreferrer nofollow">August 2022 Cointelegraph investigation revealed</a> that scammers typically reach out to project developers and co-founders using seemingly legitimate professional LinkedIn profiles from reputable exchanges. Once the victim has been tricked, scammers require an initial “deposit,” which can be upward of 250,000 USDT (<a href="https://cointelegraph.com/tether-price-index" rel="noopener noreferrer nofollow">USDT</a>) to commence the listing process. Of course, once the victim pays the deposit, the token is never listed.&nbsp;
<blockquote class="twitter-tweet">
 I’d like to reveal a scam which has happened quite often: I do have a LinkedIn account, but I have long forgotten the password; I am also not in charge of discussing with projects for a potential listing; please be wary of those who claim to be close to me and discuss with you… <a href="https://t.co/gpIj41vx92" rel="noopener noreferrer nofollow">pic.twitter.com/gpIj41vx92</a>— Yi He (@heyibinance) <a href="https://twitter.com/heyibinance/status/1751893451799454013?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 29, 2024</a>
</blockquote>
Related:&nbsp;<a href="https://cointelegraph.com/news/crypto-romance-scammers-adopt-approval-phishing-scams-chainalysis" rel="noopener noreferrer nofollow">Crypto catfishers ditch fake exchanges for approval phishing scams</a>

Exchange token listing scams resurface after crypto market thaw

Cointelegraph

Other articles published on Jan 30, 2024

EigenLayer’s Strategy for Boosting Ethereum Security; Analyst Foresees Cardano & InQubeta’s Massi...

Developments in the HyperTech Crypto Fraud Case

Cardano Eyes $0.56 Resistance Following Recent Bounce Back

Cardano out of Top 10? Charles Hoskinson Reacts to Epic ADA Prediction

GBTC outflows drop 70% from peak as Bitcoin exchanges shed BTC

Japanese Government, Central Bank Readying CBDC Legislation

Join our free newsletter for daily crypto updates!