Crucial Scam Alert by Binance: Withdrawal Addresses in Danger

Binance (BNB), world's largest crypto exchange, releases statement regarding super-dangerous scam

says. Binance security officers are blocking and reporting addresses involved, but traders should still be super-cautious when copying wallet details.Since August 2024, Binance users have been targeted by sophisticated malicious software that is able to alter the withdrawal addresses of cryptocurrency wallets. Once a user copies the public address of a crypto wallet they are planning to withdraw crypto to, the malware replaces it with the address of the scammers' wallet.

Be cautious of plugins and apps you’ve installed, especially on Android and web apps, and stay alert on iOS too.If the user completes the transfer without noticing the change, the cryptocurrency is transferred to the attacker's wallet, potentially resulting in a financial loss that cannot be recovered.As per the estimation of Binance researchers, the malware is frequently distributed through unofficial apps and plugins, especially on Android and web apps.

In order to prevent wallet addresses from being altered, Binance even recommends to take screenshots of wallet details before approving withdrawals.

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