Binance users in Hong Kong lose $450K in wave of fraud texts: HK police

cointelegraph.com:

Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages.

Hong Kong police warned users of the scam in an Oct. 9 post to its Facebook page dubbed “CyberDefender.”

Beware of scammers. Stay #SAFU! pic.twitter.com/XZMDMKkBJf

Police said that once users clicked the link and supposedly “verified” their personal details, hackers were then able to gain full access to their Binance accounts, where they proceeded to steal all of the assets contained within the users’ wallets.

According to the post, the phishing scheme has seen 11 Hong Kong-based Binance customers report combined losses of more than $446,000 (3.5 million Hong Kong dollars) in the last two weeks.

The police have asked any users who believe that they’ve received a potentially fraudulent message to log the suspicious messages on the “fraud prevention” section of its official website.

Additionally, the police displayed a link to a newly published list of verified virtual asset trading platforms, provided by the Hong Kong Securities and Futures Commission (SFC).

Currently, only two cryptocurrency exchanges — HashKey and OSL — are fully licensed for retail investment purposes in Hong Kong.

Related: Hong Kong police, regulator form crypto task force as JPEX saga unfolds

Established in May, CyberDefender is a project launched by the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force, aimed at increasing local citizen’s awareness of online security risks.

Hong Kong police unveil 'CyberDefender' metaverse platform to combat rising digital crimes. https://t.co/xyqa0iWQxf

Meanwhile, Hong Kong crypto investors have been hit hard by scams and fraudulent