Binance CEO Alerts Crypto Community to WhatsApp Phishing Scams
Binance CEO Richard Teng has issued a urgent warning about a surge in phishing scams targeting cryptocurrency users through WhatsApp. Fraudulent messages impersonating the exchange are attempting to deceive users with social engineering tactics. Teng emphasized that Binance never initiates group messages about investments or financial opportunities, urging the community to remain vigilant. This alert highlights the growing sophistication of crypto-related scams and the importance of security awareness in the digital asset space.
Binance CEO Warns of WhatsApp Phishing Surge Targeting Crypto Users
Binance CEO Richard Teng has issued a stark warning about a rising wave of phishing scams proliferating through WhatsApp. Fraudulent messages impersonating the exchange are attempting to lure users into social engineering traps, with Teng urging heightened vigilance across the crypto community.
The alert came via Teng's verified X account, where he emphasized Binance never initiates group messages about investments or fund management. The exchange's official communication channels remain limited to its customer support portal, X account, and verified Telegram IDs. Binance Verify, an internal tool, allows users to authenticate websites, emails, and Telegram contacts.
This escalation in impersonation schemes coincides with broader market recovery, making crypto users prime targets. The advisory underscores the industry's persistent battle against social engineering attacks as adoption grows.
Binance Expands Validator Role with SEI Network Integration
Binance has activated its validator nodes on the SEI network, marking a strategic expansion of its blockchain infrastructure portfolio. The exchange now holds validator positions across three prominent networks: Ethereum, Solana, and the newly added SEI chain. This MOVE enables Binance to capture staking rewards while bolstering network security for SEI's high-throughput blockchain designed for institutional-grade applications.
The SEI network currently operates with 39 active validators supporting 58,000 delegators, with capacity for 50 block-producing nodes. Binance's participation coincides with a promotional offer distributing 1.49M SEI tokens through its Earn platform, enhancing yield opportunities for users. SEI demonstrates growing traction with $260M in total value locked and $113M in stablecoin liquidity, processing approximately $55,000 in daily protocol fees.
Notably, Sei has attracted institutional interest with tokenized fund products from traditional finance giants including BlackRock and Apollo Global Management. The network's technical architecture prioritizes rapid settlement speeds, positioning it as a contender for hosting next-generation DeFi applications and Web3 services.
