Binance co-founder Yi He has issued a critical warning to the crypto community regarding a fraudulent account impersonating her, which has already led to users falling victim to malicious activities. Recent reports detailed how an individual lost 60 ETH after being deceived by a deceptive link shared by the fake account.

Taking to her verified social media account on X, @heyibinance, Yi He clarified that this is her only legitimate presence online. She emphasized that Binance Coin (BNB) is the sole token she endorses, stressing the importance of distinguishing between genuine communications and fraudulent schemes within the crypto sphere.

The proliferation of such impersonation tactics exploits the credibility of respected industry figures like Yi He, underscoring the necessity for heightened vigilance within the community.

Yi He urged the crypto community to remain vigilant against similar fraudulent accounts and promptly report any suspicious activities to the appropriate authorities. Such collective efforts are crucial in combating scams and safeguarding community members from financial losses.

In line with Yi He's alert, Binance Chinese has also cautioned users to exercise caution online, advising against clicking on unfamiliar links or scanning unknown QR codes. Emphasizing the protection of personal information and assets, users are encouraged to verify information through official channels before engaging in any crypto-related transactions.

This incident highlights the increasing sophistication of online scams and reinforces the critical importance of verifying the authenticity of sources and communications in the digital asset space. The crypto community is urged to prioritize robust security measures and remain vigilant to mitigate risks associated with fraudulent activities.