Police Warn of Rising SMS Fraud Targeting Crypto Users
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- 13 Mar 2025
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The cybercrime division of the police has issued a critical warning regarding a surge in fraudulent SMS messages aimed at cryptocurrency users. Authorities are urging the public to remain vigilant against these scams, which have become increasingly sophisticated.
According to an official statement, fraudsters are sending mass text messages to random recipients, falsely claiming to represent Binance, a well-known cryptocurrency exchange. The messages typically allege that an unauthorized login attempt has been detected from a foreign country, prompting recipients to call a phone number provided in the message.
The police have confirmed that these messages are fraudulent, emphasizing that the ultimate goal of the scammers is to deceive victims into disclosing their login credentials. By doing so, criminals can gain unauthorized access to their accounts, leading to potential financial losses.
In response to this growing threat, law enforcement officials are advising the public to take proactive measures to protect themselves. They recommend enabling two-factor authentication on all online accounts and never sharing passwords or personal login details with anyone.
The police continue to monitor the situation closely and encourage anyone who receives such messages to report them immediately. By staying cautious and adopting strong security practices, users can significantly reduce their risk of falling victim to cyber fraud.
As the landscape of online scams evolves, awareness and vigilance remain key in safeguarding personal and financial information.
