Binance’s Turkey arm, Binance TR, has warned investors in the region of an ongoing fraud attempt with fake Binance billboards. Here are the details…
Binance warns users in Turkey against scammers
Turkey has a large number of crypto investors who account for more than 7 percent of the total traffic to Binance’s primary platform. is hosting. It was found that scammers in Turkey, trying to capitalize on Binance’s popularity in the country, rented a large number of billboards to advertise Binance-themed fake deals.
In the latest warning issued by Binance Turkey, the billboard displays the advertisement of “Binance Tourist Exchange”, which has no affiliation with the original Binance founded by Changpeng Zhao. The ad also includes phone numbers that, when called, can link potential victims to scammers. The warning tweet published by Binance TR is as follows:
🛑Bir süredir Türkiye’nin farklı bölgelerinde aşağıdaki görsele benzer reklam panoları göze çarpmaktadır.
Aşağıdaki görselin #Binance ile ilgisi yoktur❗️
Dolandırıcılık faaliyeti içinde oldukları açıkça belli olan kişiler hakkında gerekli hukuki süreçler başlatılmıştır.#SAFU pic.twitter.com/znvJDLRP7v
— Binance Türkiye (@Binance_Turkish) May 8, 2022
The Exchange will take the necessary legal actions
The Exchange has revealed its intention to attack and take the necessary legal action against those “openly involved in fraudulent activities”. Investors contacting fake contact numbers are often encountered by scammers claiming to represent Binance. Scammers, whose ultimate goal is to steal cryptocurrencies, have been found to direct investors to create new accounts or share existing “seed” words. As
Kriptokoin.com , on April 15, the exchange launched the first 24/7 customer service center in Turkey as it prepares to expand the service worldwide. The exchange set up this customer support to proactively reduce cases of fraud. Investors who suspect that they are in contact with such scammers are advised to contact Binance’s official customer support through official channels, including the website or mobile app, to avoid scammers.
Meanwhile, the largest cryptocurrency exchange by trading volume has sought regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV) as it disables derivatives services in Spain. Binance’s website in Spain removed the derivatives drop-down list, and local newspapers reported that the company is temporarily suspending its derivatives offerings to comply with regulations and eligibility criteria set by the government agency.
