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Yi He, co-founder of Binance, has issued an alert to the cryptocurrency community about an ongoing scam in a recent announcement. She revealed that a fake account impersonating her had misled several users, resulting in the loss of significant assets, including 60 ETH.

Yi took it to her official X account, @heyibinance, to clarify that this is her only legitimate social media presence and that Binance Coin (BNB) is the only token she promotes.

The incident underscores the craftiness of online scammers who often misuse the reputation of notable industry figures to deceive users. Consequently, Yi He has urged the community to stay vigilant and report any dubious activity they encounter. This proactive approach is essential in thwarting potential scams and protecting personal investments.

Safety Measures and Community Cooperation

Binance Chinese has also stepped forward with advice, urging users to be cautious with the information they encounter online. They stress the importance of avoiding unknown links and QR codes and advise verifying all information through official channels before engagement.

Moreover, safeguarding personal information and assets is highlighted as a crucial step towards security in the digital space.

By uniting in these security efforts, the cryptocurrency community can help prevent further fraudulent activities and ensure a safer environment for all users.

Also Read: Nigeria Withdraws Tax Charges Against Binance Executives

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Binance Cofounder Yi He Warns Against Impersonation Scam - Crypto Times