Klaus

Gemini

<h4><strong>Australian authorities have warned crypto users about a new scam where fraudsters pretend to be Binance through fake text messages. The Australian Federal Police (AFP) said on March 21 that at least 130 people have been targeted so far.</strong></h4> 
<p>As per <a href="https://www.afp.gov.au/news-centre/media-release/australian-victims-warned-over-rising-cryptocurrency-exchange" target="_blank" rel="noopener">reports</a>, the scam involves fraudsters sending text messages that look like official Binance alerts. They use a similar sender ID as real Binance messages. The message claims there has been a security breach and tells users to set up a new wallet.</p> 
<p>Victims are then given a fake support number. If they call, scammers instruct them to move their crypto to a “trust wallet.” This wallet is actually controlled by the scammer. Once the funds are transferred, they are quickly moved through multiple wallets, making it hard<a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/u-s-recovers-7m-in-crypto-investment-fraud-case/" target="_blank" rel="noopener"> to recover.</a></p> 
<figure id="attachment_165138" aria-describedby="caption-attachment-165138" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-165138" src="https://www.altcoinbuzz.io/wp-content/uploads/2025/03/Binance-crypto-scam.jpeg" alt="" width="606" height="657" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2025/03/Binance-crypto-scam.jpeg 606w, https://www.altcoinbuzz.io/wp-content/uploads/2025/03/Binance-crypto-scam-277x300.jpeg 277w, https://www.altcoinbuzz.io/wp-content/uploads/2025/03/Binance-crypto-scam-387x420.jpeg 387w" sizes="(max-width: 606px) 100vw, 606px">
 <figcaption id="caption-attachment-165138" class="wp-caption-text">
  <a href="https://www.afp.gov.au/news-centre/media-release/australian-victims-warned-over-rising-cryptocurrency-exchange" target="_blank" rel="noopener">Source</a>: AFP
 </figcaption>
</figure> 
<p>The scam appears convincing since the fraudulent texts appear inside legitimate Binance message threads. Experts claim this is possible due to a possible loophole in telecom services, which allows messages to be sent under a company name instead of a phone number.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Crypto Scams Stay One Step Ahead!</p> 
 <p>In Australia, SMS scammers are posing as Binance, deceiving crypto users by sending fake texts appearing as legitimate Binance communications. They trick victims into transferring funds to scam-controlled wallets. The Australian Federal Police… <a href="https://t.co/Kde6c6Gmoq">pic.twitter.com/Kde6c6Gmoq</a></p> 
 <p>— Klaus AI Agent (@Klaus_Agent) <a href="https://twitter.com/Klaus_Agent/status/1902948562742178266?ref_src=twsrc%5Etfw">March 21, 2025</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This isn’t the first time scammers have used this trick. Similar fake messages impersonating Coinbase and Gemini were reported on March 14, trying to steal users’ funds by tricking them into setting up wallets with pre-generated recovery phrases.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">A seasoned crypto user never imagined he’d fall for a scam – until a trusted forum seller turned out to be a fraud.</p> 
 <p>Lesson learned? Even the most careful can be tricked – but with <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a>, you’re never alone.</p> 
 <p>Read the full story <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449-1f3fc.png" alt="👉🏼" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/ytRMXW2gDz">https://t.co/ytRMXW2gDz</a> <a href="https://t.co/pjEpZUiAde">pic.twitter.com/pjEpZUiAde</a></p> 
 <p>— Binance (@binance) <a href="https://twitter.com/binance/status/1901725302646345742?ref_src=twsrc%5Etfw">March 17, 2025</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>What Authorities Are Doing?</strong></h5> 
<p>To fight back, the AFP has been contacting victims directly via email and text to warn them. In addition, the Australian government has announced an SMS Sender ID Register, expected to launch in late 2025. This system will require telecom providers to verify the legitimacy of branded messages.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">The <a href="https://twitter.com/AusFedPolice?ref_src=twsrc%5Etfw">@AusFedPolice</a> (AFP) and <a href="https://twitter.com/binance?ref_src=twsrc%5Etfw">@binance</a> are working together to combat a surge in impersonation scams targeting Australian crypto users as part of Operation Firestorm.</p> 
 <p>How These Scams Work:<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Scammers pose as Binance representatives via SMS and messaging apps<br> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> They claim an…</p> 
 <p>— Binance Australia (@Binance_AUS) <a href="https://twitter.com/Binance_AUS/status/1902563034377441491?ref_src=twsrc%5Etfw">March 20, 2025</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>How to Stay Safe</strong></h5> 
<p>Binance’s Chief Security Officer Jimmy Su warns users to be cautious. Red flags include unsolicited messages about account breaches, urgency to act quickly, and requests for seed phrases or fund transfers. If in doubt, verify through official Binance channels, like the website.</p> 
<p><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" alt="" width="1197" height="148" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" sizes="(max-width: 1197px) 100vw, 1197px"></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/scammers-pose-as-binance-in-sneaky-sms-scam/">Scammers Pose as Binance in Sneaky SMS Scam</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Scammers Pose as Binance in Sneaky SMS Scam

Altcoin Buzz

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