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

The cryptocurrency space is only profitable when users get to keep their earnings and funds safe from malicious actors. Richard Teng, Binance CEO, is well aware of this; hence, he has issued a reminder to users to pay attention to their asset security. Richard Teng insists crypto security is shared responsibility In an update, Teng emphasized the importance of user awareness and responsibility in securing one’s funds. He noted that it requires due diligence to stay safe in the crypto space and use different platforms like Binance. You Might Also Like The Binance CEO assured readers that the exchange remains committed to keeping users safe with its numerous security systems. These include encryption, fraud detectio, and account monitoring mechanisms designed to protect against scammers attempting to hack users’ accounts. Security Reminder 🔒 We’re committed to keeping you safe, but your role is just as important. Enable 2FA, secure your devices, stay alert to scams, and make full use of the safety tools we provide. — Richard Teng (@_RichardTeng) July 9, 2025 However, Teng reminded users in the crypto space that their role is equally important, as one-sided security is not enough. That is, users must take proactive steps to protect their accounts as online security is a shared responsibility. He listed some steps that users must take to protect their accounts, including enabling two-factor authentication (2FA). This adds an extra layer of security when attempting to access the account or when making transactions. “Enable 2FA, secure your devices, stay alert to scams, and make full use of the safety tools we provide,“ Teng stated. Binance’s continued sensitization against crypto scams You Might Also Like Teng’s crucial reminder serves as a timely warning to users, protecting them from the ever-present risks in the crypto world. He has always maintained that vigilance…

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Filed under: News - @ July 9, 2025 12:26 pm