The post SMS scammers posing as Binance have an even trickier way to fool victims appeared on BitcoinEthereumNews.com.

Australian federal police have alerted over 130 people of a new text message scam aimed at crypto users that copies the same “sender ID” as legitimate crypto exchanges such as Binance.  The impersonation scam involves the fraudsters sending out messages through text and encrypted messaging platforms by impersonating a Binance representative, telling users of a crypto account breach and instructing them to set up a new wallet, the Australian Federal Police (AFP) said in a March 21 statement. The text messages look real at first glance because they appear in the same legitimate text message thread as Binance communications. Australia’s federal police say they have found at least 130 people who have been targeted by this scam so far. Source: Australian federal police “The messages allegedly contained fake verification codes and were often ‘spoofed,’ meaning they appeared in a legitimate existing message thread from the well-known cryptocurrency exchange,” the AFP said. “A support phone number was also sent, but when the targets called it, they were instructed to protect their accounts by transferring their cryptocurrency to a ‘trust wallet,’ which was controlled by the scammer and allowed the assets to be stolen.” Online text messaging services allow messages to be sent from a Sender ID, such as a company name, rather than a phone number and can be exploited to spoof text messages, according to a March 1, 2019 report by the Australian Broadcasting Corporation. Once a phone receives the sham communication, it’s reportedly grouped based on the Sender ID, appearing in the same thread as other messages with the same ID.  The AFP says it conducted an email and text blitz to warn the 130 people they identified who might have been exposed to this scam.  AFP Commander Cybercrime Operations Graeme Marshall said once the funds are transferred to…

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Filed under: News - @ March 21, 2025 8:25 pm