Binance: less than 1% of users claiming to be our employees on Linkedin are actually employees, the rest are fraudsters

Changpeng Zhao, the founder of the cryptocurrency exchange Binance, spoke about fraudsters on Linkedin posing as exchange employees — less than 1% of users who claim to be Binance employees are actually employees.

According to Binance’s CEO, only 50 out of 7000 Linkedin users claiming to be employees of the exchange are telling the truth. This is due to the lack of a high-quality authentication system.«I would like LinkedIn to have a feature that allows a company to verify people who claim to be its employees. But unfortunately, it doesn’t. Therefore, when you read on LinkedIn: „I am engaged in listing,“ know that these are fraudsters and be careful,» Changpeng Zhao advised users.

In early June, FBI Special Agent in Charge Sean Regan warned the cryptocurrency community about the particular activity of fraudsters on LinkedIn, where there are already many victims and potential victims. According to the FBI, losses from LinkedIn fraud can reach from $ 200,000 to $ 1.6 million per victim. Agent Regan assured that the Bureau is actively conducting a number of investigations, but cannot comment on cases that have not been fully solved yet.

As a reminder, it was thanks to a fake job offer sent via LinkedIn that hackers managed to steal $ 625 million from one of the largest Play2Earn games, Axie Infinity. The game developer was interested in the job offered by the fake account. After going through several stages of an online interview, he received a «job offer» letter in the form of a PDF document, which contained the software that allowed the hackers to take control of 4 out of 9 validators.