Hong Kong Police Issues Warning After Binance Users Lose $450K in Phishing Scams

The Hong Kong police force has issued an alert after 11 Binance users in the region fell victim to phishing scams, losing over $450,000 combined. Through its CyberDefender program, Hong Kong police warned that fraudsters impersonating Binance sent texts claiming accounts needed verification by linking. It added that once users clicked on the link, hackers were able to drain victims' wallets of all crypto assets. They also shared the Securities and Futures Commission's newly published list of authorized virtual asset platforms to help residents identify legitimate exchanges. Currently, only Hashkey and OSL hold full retail operating licenses from the SFC.

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