Binance users in Hong Kong have recently been the victims of various phishing operations, resulting in losses totaling more than $450,000. The Hong Kong police have issued a warning, advising users to be cautious.
Fraudsters impersonating Binance sent SMS messages to users, stating they needed to click a link to authenticate their identity. After users clicked the link and entered their information, hackers gained access to their Binance accounts and stole all of the assets in their wallets.
The aftermath of the incident has yet to settle; in the previous two weeks, the phishing scam has touched 11 Hong Kong-based Binance clients, resulting in a total loss of over $450,000.