In a critical alert to the crypto community, Binance cofounder Yi He has raised alarm over a fraudulent account impersonating her, which has already victimized users through malicious activities. Reports surfaced detailing an individual's loss of 60 ETH after falling prey to a deceptive link shared by the fake account.

Yi He took to her verified X account, @heyibinance, to clarify that this is her sole legitimate social media presence. She stressed that Binance Coin (BNB) is the only token she endorses, underscoring the importance of distinguishing between authentic and fraudulent communications in the crypto space.

The proliferation of such impersonation tactics exploits the credibility of industry figures like Yi He to deceive unsuspecting users, highlighting the need for heightened vigilance within the community.

She urged the crypto community to remain vigilant against similar fraudulent accounts, advising prompt reporting of suspicious activities to relevant authorities. This collective effort is essential in combating scams and protecting community members from financial harm.

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

This incident underscores the evolving 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 security measures and remain vigilant to mitigate risks associated with fraudulent activities.