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Binance CEO Warns of New Crypto Scam Strategy Attempted on Experienced Trader

Binance CEO Changpeng Zhao has warned the public about a new crypto scam strategy that was recently attempted on an experienced trader. The scammer was stopped before they could steal up to $20m from the exchange. The new method involves generating wallet addresses with the same starting and ending letters, which is what most people check when verifying an address. The scammers then send "dust transactions" to make the address appear in the victim's wallet, making it easier for them to copy the wrong address when making a transfer. This type of scam is becoming more common in the crypto ecosystem.

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