Binance users in Hong Kong hooked by US$450,000 phishing attacks

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The Hong Kong police warned on Monday that 11 Hong Kong-based Binance customers misplaced over US$446,000 (HK$3.5 million) in cryptocurrencies to phishing textual content messages within the final two weeks.

See associated article: Gitcoin error sends US$460,000 to digital void

Quick Info

  • Fraudulent texts from a Binance impersonator requested customers to click on a hyperlink and confirm their identification, warning that customers would in any other case lose their accounts. Victims who complied had their accounts taken over and funds drained, the Hong Kong police said on Monday. 
  • Hong Kong authorities urged customers who obtain related suspicious messages to report them to the police’s fraud prevention page.
  • On the finish of September, Hong Kong’s financial watchdog warned buyers to solely use regulated crypto exchanges, after unlicensed buying and selling platform JPEX allegedly brought about round US$154 million in losses to over 1,600 buyers, marking the biggest fraud case in Hong Kong.
  • Hong Kong’s Securities and Futures Commission and the Hong Kong Police Drive introduced final Wednesday the institution of a working group to observe unlawful actions associated to crypto buying and selling platforms.

See associated article: CMCC Global raises US$100 mln to launch Hong Kong Web3 fund

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