Exchange token listing scams are re-emerging after the meltdown in the crypto market

Crypto exchange listing scams are coming back in a broader market recovery.

On January 29, Yi He – the owner of Binance founder and former CEO of the exchange Changpeng Zhao – is using her LinkedIn pseudonym and location to provide details of the token in exchange for payment.

“I have a LinkedIn account but I forgot the password for a long time,” he said. “I am also not responsible for discussing projects to get potential listings; please beware of those who claim to be close to me and discuss investment or listings with you.

In a separate post, Blockchain author Andy Lian showed screenshots of free cash offers for WhatsApp users pretending to be Binance staff to join Scripting chat groups. “Binsys does not have groups that will provide you with passive income,” wrote Leanne.

Binance's customer support later clarified that users should use links from the official site to verify that individuals accessing unsolicited offers are indeed from Binance. “For the website link, email address, phone number, WeChat ID, Twitter account or Telegram ID can be used,” he said. “Please do not access any official/unverified sources or disclose account details to them.”

Exchange listing scams have been rampant in the recent bull market. In the year An August 2022 Cointelegraph study found that scammers are using legitimate-looking, professional-looking LinkedIn profiles to contact project developers and co-founders. Once the victim is duped, the scammers require an initial “deposit” of over 250,000 USDT to start the listing process. Of course, after the victim pays the deposit, the token is never listed.

I would like to explain a common scam: I have a LinkedIn account, but I have long forgotten the password. I am also not responsible for discussing projects to get a potential list; Please beware of those who claim to be close to me and chat with you… pic.twitter.com/gpIj41vx92

— Hey Binance (@heybinance) January 29, 2024

Related: Crypto catfishers drop fake exchanges for phishing scams