🚨 Binance Risk Alert 🚨
Stay Alert & Protect Your Holdings
This chart highlights the rapid fluctuation of BTC/USDT—an important reminder that while volatility can offer opportunity, it also carries risk.
⚠️ Watch Out for These High-Risk Schemes:
Phishing & Imposter Scams
Scammers posing as Binance staff via Telegram, email, or SMS may request your login credentials or 2FA codes. Binance will never DM you first or ask for your seed phrase. Binance+15Binance+15Binance+15
Fake Withdrawal Verification Alerts
Voice phishing scams involving fraudulent withdrawal codes have caused over $1.1M in losses. Always trust verification only via official Binance channels. Binance
Malicious Apps & Fake Websites
Only download the Binance app from official stores like the App Store or Google Play. Avoid malware or cloned apps. Binance+1Binance+1
Pump-and-Dump / Liquidity Mining Traps
Be cautious of tokens with aggressive yield promotions or sudden listings. Binance warns of risky protocols—especially early‑stage tokens like those on Binance Alpha. Crypto Prune+1Binance+1
✅ Proactive Safety Tips:
Only transact through the official Binance app or website, and verify URLs before entering credentials. BinanceBinance
Use app-based 2FA (like Google Authenticator) instead of SMS-based 2FA to avoid SIM-swap risk. Binance
Always check for risk warnings and pop-ups on token pages. Binance now displays risk-warning banners for tokens with tokenomics changes (e.g., IOTA, CHZ, ENJ). Users must acknowledge before trading. Binance+7Binance+7coinedition.com+7
Do your own research (DYOR) before investing—don’t fall prey to hype or shortcuts. Binance+1Binance+1
🔧 If You Suspect a Scam:
Report immediately via Binance Support using the scam report feature in your account dashboard. Binance+7Binance+7Binance+7
Do not follow instructions from unverified messages.
Contact local authorities and provide any evidence if funds were lost. Binance
📊 Why This Matters
Volatility is inherent—as shown in the BTC chart, prices can jump swiftly but also reverse.