Cyprus police warn of large-scale SMS crypto scam impersonating Binance: report

Cyprus police warned the public of an increase in SMS scams that usurp an crypto exchange.

Cyprus police have issued an increase in SMS fraud targeting cryptographic investors, crooks Binance Crypto exchange, Cyprus mail reportsciting a declaration of the cybercriminal division of the police.

The fraudsters would have sent mass SMS claiming that an “unauthorized connection attempt was detected from a foreign country” on user binance profiles. The messages tell the recipients to call a phone number, trying to encourage them to abandon their connection details and their access to accounts, the report said.

The police have confirmed that these messages are false and warn people not to respond or to interact with the sender, reports Cyprus Mail. At the time of the press, Binance made no public statement on the issue.

In August 2024, Binance said He had blocked more than $ 2.4 billion in potential scams and fraud between January and July, preventing the losses of more than 1.2 million users. In November 2023, the exchange agreed To pay more than $ 4.3 billion in fines after pleading guilty of having violated anti-whiteness and sanctions.

Damage data shows that phishing scams stole more than $ 10.2 million in crypto from more than 9,000 victims in January, down 56% compared to December. Despite the decline, the Blockchain judicial company reports an increase in scams by telegram “false backup”, which has jumped more than 2,000% since November 2024, with more than 300 false accounts appearing daily.