US EditionBinance CEO Warns Of A New Share-Seed-Phrase Scam
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Binance CEO Warns Of A New Share-Seed-Phrase Scam
A new cryptocurrency scam, dubbed the “share-seed-phrase” scheme, has risen as a serious threat to digital asset holders prompting warnings from major industry figures including Binance CEO Richard Teng. The scam tricks users into transferring funds to supposedly “safe” wallets that are actually...
Beware of the New 'Share-Seed-Phrase' Crypto Scam
A new Crypto scam targeting users is on the rise, tricking victims into transferring their digital assets to wallets controlled by fraudsters. Richard Teng, a key figure at Binance, has warned the community about the “share-seed-phrase” scam, which manipulates users into setting up wallets using seed phrases provided by scammers. Once users transfer funds into these seemingly “safe” wallets, the scammers drain them, leaving victims with devastat…
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