Binance CEO Warns of ‘Massive’ SMS Phishing Scam

Some Binance customers have been sent an SMS advising of a withdrawal from their account with a false link provided to cancel it, Changpeng Zhao tweeted.

AccessTimeIconFeb 4, 2022 at 3:56 p.m. UTC
Updated May 11, 2023 at 5:58 p.m. UTC

Binance CEO Changpeng "CZ" Zhao warned early on Friday of a “massive phishing scam via SMS" with a link to cancel withdrawals that leads to a website that harvests Binance users' credentials.

  • “NEVER click on links from SMS! Always go to via a bookmark or type it in,” Zhao wrote.
  • A Binance spokesperson said that Zhao was warning people in general about SMS phishing scams and citing one that had targeted Binance users, but not saying there was only one specific scam against Binance.
  • It was unclear how many Binance customers had been targeted with the scam, how many had fallen victim to it or what threat there has been to their funds.
  • Customers being defrauded in this and other ways remain a common feature of the crypto industry even on major exchanges. Most recently, nearly $34 million was stolen from users via a hack on Jan. 17.


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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.