The Turkish branch of cryptocurrency exchange Binance has issued a warning to investors in the region about an ongoing fraud involving fake Binance-branded billboards and hoardings.
According to Similarweb, Turkey is home to a huge number of crypto investors, accounting for approximately 7% of overall traffic to the leading crypto exchange’s main platform through desktop browser. Scammers in Turkey have been seen renting multiple billboards to sell fake Binance-themed opportunities, attempting to profit from the crypto exchange’s popularity in the country.
Its newest alert shows a billboard advertising “Binance Tourist Exchange,” which is unrelated to the official crypto exchange. Given the ease with which the people responsible for renting out billboards and posting fraudulent advertisements targeted at crypto investors can be tracked down, the crypto exchange has announced its intention to go on the offensive and take legal action against those “clearly involved in fraudulent activities.”
When naive investors call the fake contact numbers, they are frequently greeted by a fraudster. Scammers have been seen directing investors to open new accounts or spread existing seed words with the ultimate purpose of stealing money in the form of crypto assets.
Binance opened its first 24/7 customer support center in Turkey last month, on April 15, as it plans to extend the service globally. The leading crypto exchange established customer support in Turkey with the primary purpose of preventing fraud before it occurs.
Investors who believe they have been scammed can contact its official customer service using official channels, such as the website or mobile application.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Amidst recent market adjustments erasing considerable gains, Fetch.ai (FET) finds itself in a phase of…
New York, New York, May 7th, 2024, ChainwireSpectral is excited to announce its participation in…
CBOE proposes rule changes affecting Franklin Bitcoin ETF trading, potentially altering purchase timing for traders.
LOS ANGELES, United States, May 7th, 2024, ChainwireGlobal brands and talent will be able to…
Robinhood Wells Notice from the SEC indicates potential legal action over alleged securities violations in…
Blast Review, the first Layer 2 providing automatic profits to ETH assets and stablecoin holdings,…
This website uses cookies.