phishing

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.

Slow Fog CISO: Beware of SMS phishing attacks targeting Binance users, and we recommend that Binance conduct a thorough investigation into this issue

ChainCatcher news, according to a post by Slow Mist CISO 23pd on platform X warning, "Attention, the latest SMS phishing attacks targeting Binance users have emerged. Recently, two individuals received the same phishing SMS on the same day, and the phishing SMS even appeared in the conversation thread of official Binance messages, appearing in the same context as previous genuine official messages, sharing the same channel. Even more astonishingly, there was a significant time span, precisely forging the official SMS environment.The current possible explanation is that the SMS channel has been exploited or hijacked by the phishers. The first SMS indeed came from the official number, but the subsequent scam messages may indicate that:Scammers spoofed the official SMS source (SMS Spoofing)• They used technical means to spoof the SMS sending number, making it appear consistent with the official number, allowing phishing messages to blend into the official conversation thread.They exploited vulnerabilities in the SMS gateway or supply chain attacks• Scammers may have attacked the SMS gateway or exploited security vulnerabilities of carriers/third-party SMS service providers, successfully embedding phishing messages into the official channel.• There may even be collusion with unscrupulous SMS providers to directly spoof official SMS replies, making it difficult for users to discern authenticity.Please have Binance officials investigate the issue, and everyone is advised to enhance security awareness and pay attention to fund safety."
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