Binance Warns Users of Fake $150 Rewards as Withdrawals Resume

Binance Warns of Fake Compensation Offers as Withdrawals Resume

Binance warned that impersonators could exploit its withdrawal restart with fake compensation offers and fees for faster processing. The exchange also completed a cryptographic reserve proof, enabling customers to check backing for 10 tokens while recovery continued. Fake Compensation Offers Accompany Withdrawal Restart Binance addressed potential fraud during its withdrawal restart following the $6.3 billion […]

Binance warns of fake $150 compensation offers as scammers exploit $6.3bn crypto hack

Binance has warned customers about fraudulent compensation offers circulating online following last week’s $6.3 billion cryptocurrency hack, with scammers attempting to exploit uncertainty surrounding the exchange’s withdrawal suspensions. Screenshots sharedRead More...

Binance Warns Users of Fake $150 Rewards as Withdrawals Resume

TLDR: Binance warned that no cash voucher campaign was running. Yi He said proposed community rewards still needed regulatory approval.  Eowyn Chen denied compensation for the withdrawal suspension. Fake screenshots claiming users could receive $150 circulated on social media.  Withdrawals resumed across 15 networks, including Bitcoin and Ethereum. The exchange said additional routes would return [...]

Binance Says $150 Withdrawal Compensation Claim Is False

The exchange said a screenshot accompanying the claim had been digitally altered.