🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ

Published 08/15/2022, 01:00 PM
Updated 08/16/2022, 03:20 PM
Only 50 or so profiles out of 7,000 Binance employees on LinkedIn are real, says CZ
TWTR
-

According to a Sunday Twitter (NYSE:TWTR) post by Binance CEO Changpeng Zhao, also known as CZ, only about 50 out of 7,000 users claiming to be employees of the world's largest cryptocurrency exchange on Linkedin are real. The crypto executive lamented the lack of a real-ID authentication system on Linkedin, saying:

The LinkedIn crypto scam typically begins as an unsolicited request from an apparent crypto exchange executive to project stakeholders regarding a potential token listing. Profiles are cleverly crafted to show years of experience in the industry, along with, multiple connections, sometimes up to 500-plus, to derive an image of apparent legitimacy.

An unsolicited listing offer from a LinkedIn member claiming to be from Bithumb. Source: Zhiyuan Sun
A fake Bitfinex listing document, which alleges to require a deposit of 250,000 USDT to commence the process. Source: Zhiyuan Sun
A fake Binance.US listing proposal. Source: Zhiyuan Sun

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.