Binance CEO Changpeng Zhao (CZ) has cautioned the general public in opposition to trusting individuals claiming to handle cryptocurrency venture listings on Binance.
These scammers supply to listing crypto tasks on Binance, claiming to work for the corporate or to be acquintances/ mates of CZ.
The manager distanced himself from such individuals, saying he intends on blacklisting them in an effort to advertise the safety of consumer funds.
CZ impostor warning comes amid rise in crypto scams
Crypto-related fraud and theft rose from $12 billion in 2024 to an all-time excessive of $14-$17 billion in 2025. The strategies of assault encompassed:
Social engineeringm which accounted for 65% of all crypto scams and was extra prevalent than technical exploits.AI-powered scams (deepfakes and automatic phishing) which achieved 4.5 occasions greater profitability than conventional strategies. Deepfakes impersonating trade executives and celebrities rose by 700% in 2025.Impersonation scams which grew by a staggering 1,400% 12 months over 12 months.
Supply: DeepStrike
Retailers accounted for 74% of all losses, whereas individuals over 60 years of age suffered the best losses at $3.2 billion.
In January 2026, monetary losses associated to crypto fraud reached $370 million, the best month-to-month whole in practically a 12 months.
Just lately, crypto and blockchain investigator ZachXBT flagged greater than 10 coordinated X accounts that manufactured panic as a way to drive followers to crypto scams. Often called “doomposting,” the exploit netted at the least six-figure earnings earlier than X suspended these accounts.
A case of the kettle calling the pot black?
Group response ranged from assist to questioning CZ’s goodwill following allegations of Iran-linked flows and cash laundering on Binance.
Simply at present, the Australian Federal Courtroom fined the exchage A$10 million for consumer misclassification that led to A$8.66 million in buying and selling losses.
Authorities motion
Brazil has now introduced its intentions to direct the proceeds of crypto-related crimes to its nationwide treasury to fund public tasks and set up strategic reserves. Nations implementing related agendas embrace the US, the UK, China, and North Korea.
Belief with CoinPedia:
CoinPedia has been delivering correct and well timed cryptocurrency and blockchain updates since 2017. All content material is created by our professional panel of analysts and journalists, following strict Editorial Pointers based mostly on E-E-A-T (Expertise, Experience, Authoritativeness, Trustworthiness). Each article is fact-checked in opposition to respected sources to make sure accuracy, transparency, and reliability. Our evaluation coverage ensures unbiased evaluations when recommending exchanges, platforms, or instruments. We try to offer well timed updates about every part crypto & blockchain, proper from startups to business majors.
Funding Disclaimer:
All opinions and insights shared signify the writer’s personal views on present market situations. Please do your personal analysis earlier than making funding selections. Neither the author nor the publication assumes accountability in your monetary selections.
Sponsored and Commercials:
Sponsored content material and affiliate hyperlinks might seem on our web site. Commercials are marked clearly, and our editorial content material stays solely impartial from our advert companions.
