Binance, a big cryptocurrency company, is making a new tool to help people avoid scams! These scams, called phishing, trick people into giving away their money. One person lost money because a fake message made it seem like Binance was accessing their account.
- Scammers pretend to be from Binance to trick people.
- They send fake text messages or emails.
- People give away their money because they believe the fake message.
- Binance is creating a new security feature to help stop these scams.
| Problem | Number |
|---|---|
| Money lost to crypto scams in 2024 | $2.36 Billion |
| Money lost to phishing scams in 2024 | $1.05 Billion |
| Money stolen from Coinbase users (Dec 2024 - Jan 2025) | $65 Million |
