Beware the latest Binance email phishing scam

Posted: 28 March 2018 2:17 pm
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The email that claims to let users import ERC20 tokens directly is a scam.

As one of the world's largest and most popular cryptocurrency exchanges, Binance is under constant attack from bad actors and the Internet is rife with imitators. One of the latest imitations has been arriving in people's email inboxes.

It claims to let people import ERC20 tokens from Ethereum wallets directly to Binance. It then delivers a link to a phishing site in the form of a big yellow "import tokens now" button, followed by a friendly link to the actual Binance support page to lend it more legitimacy.

According to Reddit users the link leads to "blnnance" which suggests that all the good Binance phishing URLs might have already been taken, and that these scammers are counting on people not looking too closely.

Unwary users who follow the link and sign in will have inadvertently given away their login detail and password, and probably their money, to the scammers.

The most worrying part might be questions around how scammers managed to get an email list of cryptocurrency users.

One Reddit user who says they use a unique email for all their signups – which can be a useful move for situations exactly like this – says they received the scam to the same email address they used for the KIN token campaign.

If you participated it that, then you might well have received this email as well. This is what the scam email reportedly looks like.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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