The founder and CEO of Binance said that only about 50 of the 7,000 Linkedin users who claim to be employees of the exchange actually are.
According to Changpeng Zhao, the social network Linkedin “does not have a smart authentication system.”
“I wish there was a feature on LinkedIn that allows the company to verify people. But, unfortunately, she is not. So when you hear: “Hey, I’m in charge of listing,” know that these are scammers and be careful,” Zhao warned.
As a rule, scammers carefully create fake profiles, trying to show their many years of experience in the industry, as well as numerous connections, in order to create the image of a legitimate employee. After that, they start looking for a victim among the leaders of cryptocurrency firms interested in listing their token.
Once the victim is found, the scammer emails or sends a Telegram document containing the details of the listing process, as well as the required initial deposit for their services. However, as soon as the victim transfers the requested assets to the deposit address, the scammer breaks all contacts and disappears.
Exchanges generally do not require any money or listing fees. Instead, a task force reviews the potential token for security, compliance, legal framework, and the overall utility of the project, and then sets up a meeting with the asset’s issuer to discuss next steps.
Earlier, the Coinbase exchange reported that the US Securities and Exchange Commission (SEC) through the court requested information about the placement of crypto assets and the company’s own profitable products.
Source: Bits
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