Binance co-founder Yi He has issued a warning about a fake account impersonating her, which has been linked to a scam that resulted in the loss of 60 Ethereum (ETH). Yi He has urged the crypto community to be vigilant and verify the authenticity of any information and identities.

Fake Account Alert

Yi He, the co-founder of Binance, took to her official X account to alert her followers about an impersonator posing as her to defraud people. This impersonation resulted in financial loss for at least one user, prompting Yi He to issue a warning.

This is not the first time such a scam has occurred in the cryptocurrency space, as scammers often use the influence of celebrities to carry out their fraudulent schemes. Yi He has emphasized the importance of verifying the authenticity of any information and the identity of people claiming to be from Binance.

Vigilance in Crypto Transactions

Binance customer support has emphasized the importance of checking the authenticity of any information and the identity of people saying that they are from Binance exchange. This includes confirming the links available on the Binance website and ensuring that communication is done through the right channels like email, phone, and social media accounts.

To prevent this, users are urged not to click on unknown links or scan unfamiliar QR codes and should always confirm through official sources.

Ongoing Security Measures

The crypto community has experienced similar impersonation scams, including fake LinkedIn profiles offering token listings on Binance for hefty fees. Yi He has posted that she does not engage much on LinkedIn and that she doesn’t participate in token listing discussions, making a call for community education and vigilance.

There have also been fraud cases related to WhatsApp and other messengers, where people are offered fake passive income by fake Binance employees. Binance has stated that it does not support such groups and has encouraged the community to ensure that such offers are genuine.