A new type of SMS message scam is targeting Binance users, according to reports from several cryptocurrency experts. These fraudulent messages use phone numbers and SMS inboxes that match Binance's official channels, causing confusion for users. The content and format of the scam messages are extremely similar, suggesting a professional criminal group is plotting an attack.
The fraudulent SMS messages typically warn about unusual activities such as two-factor authentication for a newly added device. Some messages mention accidentally connecting Binance's API with Ledger Live and advise recipients to call the phone number in the message. However, some users report that these messages appear in the same chain as official Binance notifications, making them difficult to detect.
The situation becomes more serious due to the sender IDs of the fraudulent SMS matching the official Binance notification IDs. Jimmy Su, Binance's Security Director, confirmed the increase in SMS scams, stating that many fraudsters are impersonating Binance to trick users into providing sensitive information, clicking on fraudulent links, or transferring funds, leading to asset loss.
Binance has expanded its anti-fraud code from email to SMS services, helping users identify genuine Binance notifications. This code is a custom user identifier and has been implemented in all licensed jurisdictions where Binance operates. Both registered and unregistered users have reported receiving suspicious messages, indicating the attack's extensive scope.
