Binance CEO Changpeng “CZ” Zhao has warned the cryptocurrency community about SMS phishing targeting Binance customers.

On Friday, CZ alerted users to a scam targeting Binance users via SMS.

According to one of the screenshots provided by CZ, the scam involves sending users a text message with a link to cancel their withdrawals, which results in users accessing a fake website designed to get their login information.

The CEO warned Binanc users not to click on any links from text messages and advised them to always enter the exchange’s URL into their browsers manually.

In 2022, there were many cases of hacking and phishing, with some platforms incurring significant losses as a result of these attacks.

Related: Scammers, Beware! New malware targets MetaMask and 40 other crypto wallets

According to Cointelegraph, the Wormhole Token Bridge was exposed to a vulnerability on Wednesday, resulting in the loss of 120,000 Ether (wETH) tokens ($321 million) from the platform. On January 17, $33.8 million in cryptocurrency was stolen from following a security breach.

Cryptocurrency users have also been warned about new malware targeting plug-in browser wallets such as MetaMask and Coinbase Wallet.

Source: CoinTelegraph