Important Security Warnings issued by Binance CEO

Richard Teng, CEO of Binan Script Giant, the successor to Changpen Zhao (CZ), who took over CZ in late 2023 in this key management position, has acquired his X account to release a key statement.

Teng warned the growing Binance community and all crypto enthusiasts around the world about the new threats pose on them.

“The number of fake binance apps is increasing.”

The Binance boss told the community that there are currently a lot of apps spoofing Binance. It targets sensitive user data and Crypto Holdings. “There’s an increasing number of fake vinance apps and are designed to steal sensitive data and digital assets.”

Teng added that users should only download the official version of the Binance app and only do so from approved and trusted sources. The CEO added a link to allow him to download the official Binance app for his smartphone.

Some users in the comments thanked Teng for spreading this alert.

Binance CEO shares a tutorial on how to protect your crypto phone

Earlier this week, Richard Tenn shared some important advice on how users can protect their phones, including crypto wallets, in case they get lost or stolen. Teng shared a link to an article published by the Binance team. This reveals in detail how you can protect your data and encryption on your phone in case it’s stolen or lost.

Teng said the loss of mobile phones, including Crypto, could lead to publicly publishing sensitive data, damaging various accounts and suffering financial losses.

An important point highlighted by the platform’s CEO was that it was important to use biometrics to secure the phone and wipe all data on the gadget remotely, allowing for backup of the 2FA code of the mobile phone’s crypto wallet.

The article shared by Teng recommends proactive steps that should be taken to secure a mobile phone, among other security measures. These aggressive steps include creating regular backups of your data, enabling device encryption, and screen lockdowns.

It is also important to contact your mobile operator to disable the SIM card on the lost device. That step can be a great help when trying to prevent code loss to criminals.