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Binance takes legal action against fake billboard ads in Turkey

Published 05/09/2022, 04:23 AM
Updated 05/09/2022, 07:00 AM
Binance takes legal action against fake billboard ads in Turkey
SMWB
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Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings.

Turkey is home to a large number of crypto investors that account for over 7% of the total traffic to Binance’s primary platform through a desktop browser, as evidenced by data from Similarweb (NYSE:SMWB). Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities.

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