Binance Users Alert: Sophisticated Phishing SMS Scam Targets Accounts

Cybercriminals have launched a sophisticated phishing SMS scam targeting Binance users, exploiting fears of unauthorized account activities. The scam involves texts mimicking legitimate Binance notifications, urging recipients to call a fake support number. This article delves into the details of the scam and how users can protect themselves.

Cybercriminals Target Binance Users with Phishing SMS Scam

Cybercriminals are targeting Binance users with a sophisticated phishing SMS scam. The phishing texts, which have similar wording and format, warn users of unauthorized account activities, such as a newly added two-factor authentication device, and an unexpected Binance API pairing with Ledger Live. Recipients are urged to call a provided phone number. Some users report these texts appearing in the same thread as legitimate Binance notifications, creating confusion.

Bitcoin’s 15% Spike in Open Interest Signals Caution

Bitcoin’s Open Interest (OI) saw a significant 15.8% jump as the weekly CME futures closed at $84K. The OI elevated from $7.6 billion to $8.8 billion on Binance, occupying 31.4% of the total $28 billion OI capital. This rapid increase signaled increased market volatility and risk of wide-ranging liquidations impacting both long and short positions. BTC sliced through the 50-day SMA, with the next key hurdle being the 200-day SMA at $87K.