Binance is launching a joint anti-scam campaign with law enforcement agencies around the world to combat and prevent financial scams in the crypto world.
The exchange said that crypto is vulnerable to scams because people can easily be tricked into voluntarily giving out sensitive information — like private keys to a wallet — to the wrong party. The exchange added that some key factors in preventing such scams are awareness and education.
Scammers employ sophisticated methods like social engineering to trick people into disclosing personal information that can lead to the loss of their assets, and raising awareness around these methods and how to avoid them is critical.
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