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Cybercriminals are targeting Binance users with new phishing SMS scams

ChainCatcher news, according to BeInCrypto, cybercriminals are using a new type of phishing SMS scam targeting Binance users. Dozens of Binance users have reported receiving a batch of seemingly legitimate phishing messages, which use phone numbers and SMS inboxes consistent with the usual channels for receiving official Binance information. A comparison shows that the wording and format of these phishing messages are highly similar. It is speculated that specific threat actors or criminal groups are planning meticulously designed phishing attacks against Binance users. In such targeted phishing attacks, the messages often warn users of unusual activity on their accounts, such as new device two-factor authentication. The most common phishing messages mention an unexpected association between Binance API and Ledger Live, urging recipients to call the phone number provided in the message. Some users have stated that these phishing messages appear in the same SMS thread as legitimate Binance notifications, causing confusion and making it easy to fall into the trap. Many users are caught off guard because the sender ID of the scam messages is the same as the real Binance notification ID.Binance's Chief Security Officer Jimmy Su confirmed that Binance has noticed an increase in SMS phishing incidents. He stated, "More and more phishing scammers are impersonating us or other legitimate senders via SMS. These scam messages appear authentic, tricking users into revealing sensitive information, clicking phishing links, or transferring funds, resulting in asset loss for users." Su also revealed that Binance has extended its anti-phishing code feature to SMS services, which was originally designed for emails. This code is a user-customized identifier that appears in official Binance communications, helping recipients identify genuine notifications and avoid being deceived by impersonators. Currently, the anti-phishing code feature has been launched in all licensed jurisdictions where Binance operates. Additionally, Binance claims that both registered and unregistered users have reported receiving suspicious messages.

PancakeSwap: 4% annual deflation rate target is a non-binding cap, and the amount burned is dynamically adjusted based on trading volume

ChainCatcher message, the PancakeSwap team responded to the community regarding the CAKE 3.0 tokenomics proposal.Regarding the 4% annual deflation target, the 4% is based on data from the past two years. Deflation is not limited to 4% per year; the actual amount of destruction will be linked to trading volume, and if the protocol performs well, a higher deflation rate may be achieved. For the mCAKE and sdCAKE exchange issue, the team confirmed that a 1:1 exchange ratio will be maintained, and users need to operate through the original delegation platform.On the topic of holding incentives, the team pointed out that they will adjust the fee distribution, shifting part of the liquidity provider fees towards a buy-and-burn mechanism, which is expected to improve the destruction efficiency to 15%. They also emphasized that CAKE will still play a core role in governance, IF0, and other scenarios. In response to concerns about the efficiency of veCAKE emissions, the team believes that the current proposal can more effectively address core issues and avoid long-term drawbacks caused by short-term fixes.Regarding the issue of governance decentralization, the team stated that they will shift to a direct voting model based on CAKE holdings and consider introducing a delegation feature in the future. For geographical restrictions, the team explained that IF0 will remain open, while TGE has limitations due to compliance requirements from partners.Finally, the team committed to providing real-time destruction data dashboards to maintain transparency in emission decisions and ensure the smooth operation of the veCAKE system during the transition period. During the transition, the veCAKE system will continue to operate until the proposal voting is completed, ensuring a smooth transition.
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