The post Crucial Crypto Scam Warning Issued by Binance CEO appeared on BitcoinEthereumNews.com.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Richard Teng, the Binance chief executive officer who took over from Changpeng Zhao (CZ), has issued an important warning to the crypto community, urging everyone to stay away from scam projects. Binance boss warns community Richard Teng has addressed the Binance community of investors and traders by publishing a crucial warning. Teng strongly recommended Binance customers and crypto users worldwide to “stay safe from Ponzi and pyramid schemes.” In this regard, the Binance CEO offered several recommendations to investors on how to avoid falling for scam traps. He stated that a good and sensible investor should research every project before investing in it. Another important piece of advice is to ignore unsolicited offers. It is also crucial to “question everything” and “verify before you trust.” Stay Safe from Ponzi and Pyramid Schemes · Research every investment· Ignore unsolicited offers· Question everything· Verify before you trust — Richard Teng (@_RichardTeng) January 29, 2025 It is a known fact that during bull runs, crypto scammers’ activity increases greatly; therefore, it is particularly important to stay vigil and alert now, while the cryptocurrency market is on the rise. While responding to a comment, Richard Teng stated: “Scammers prey on emotions—stay vigilant.” Related Binance CEO on Bitcoin scarcity In an earlier X post, the Binance boss engaged the community in a…

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Filed under: News - @ January 29, 2025 1:21 pm