Binance Turkey Warns Citizens of Billboard Scams

Istanbul, Turkey is awash in billboards advertising new crypto offerings from virtual asset exchanges, but Binance — the world’s largest crypto exchange by trading volume — recently discovered that some of its billboards in the city are, in fact, illegitimate and fraudulent.

On Monday, Binance’s Turkish branch announced that scam artists have plastered fake Binance billboards throughout the country, many featuring a fake number answered by crypto thieves. 

Some of the scam artists are leading Turkish investors astray with false phone numbers promising opportunities that will never materialize, in exchange for users sharing private information like their seed phrases, which would enable access to their crypto wallet, or even asking users to register an entirely new account.


Leave a Reply

Your email address will not be published.