What’s Happening?
Cybercriminals are sending highly convincing emails pretending to be from Binance and Coinbase, tricking users into surrendering their account credentials and 2FA codes. These scams have already drained millions from unsuspecting victims.
How the Scam Works
1️⃣ Fake “Urgent” Emails – Subjects like:
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“Your Binance Account Will Be Suspended!”
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“Coinbase Security Alert: Verify Your Identity Now”
2️⃣ Cloned Login Pages – Links lead to perfectly replicated Binance/Coinbase sites.
3️⃣ Instant Account Takeover – Once you enter login details, scammers: -
Drain your crypto
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Disable security alerts
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Lock you out
Pro Tip:
Use a password manager to auto-detect fake login pages.(Like/Save to protect others! 🔐)
Michelle Luggard
Top Author
Red Flags to Spot Phishing
✔ Check sender emails: Look for typos (e.g., “support@coinbose.com“ or “binance-security@mail.binance[.]net”).
✔ Hover over links: The URL should exactly match binance.com or coinbase.com – no variations.
✔ Legit companies NEVER ask for:
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Your password via email
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2FA codes outside the official app
How to Protect Yourself
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Never click email links – Always log in via the official app or bookmarked URL.
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Enable hardware 2FA (Yubikey/Google Authenticator) – Avoid SMS-based codes.
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Report phishing emails to Binance/Coinbase support immediately.
If You Entered Your Details
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Change your password and revoke API keys (if any).
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Contact support to freeze suspicious withdrawals.
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Move funds to a new wallet if possible.
Why This Matters
🔹 Over 60% of crypto thefts start with phishing (CipherTrace 2024).
🔹 Scammers spoof logos, headers, and even security warnings to look legit.
🔗 Comment for more scam alerts – Stay one step ahead of fraudsters!
