Binance CEO Alerts Users to Rising WhatsApp Impersonation Scams

Financal Services
Author

author: CryptoNews

date: November 07, 2025

1 min. read

Binance CEO Richard Teng has issued a strong warning about a surge in WhatsApp scams impersonating Binance officials and representatives. These scams often target unsuspecting users with promises of investment opportunities or special promotions. Teng emphasized, "Phishing scams are increasing on WhatsApp. Binance never sends investment-related messages through group chats." He urged users to be extremely cautious and to verify any unsolicited messages claiming to be from Binance through official channels. These scams often involve creating fake WhatsApp groups or directly messaging individuals with fraudulent offers designed to steal their personal information or cryptocurrency. Users should never share their private keys, passwords, or other sensitive information with anyone online, and should report any suspicious activity to Binance support immediately. Always double-check the sender's phone number and profile picture, and be wary of any communication that seems too good to be true. Protecting your assets requires vigilance and a healthy dose of skepticism. ```