Binance Warns of Fake Tokens Exploiting Its Name

Cryptocurrency exchange Binance warned its community on Monday about a surge in fraudulent tokens falsely claiming affiliation with the platform, spreading across social media. The company emphasized that these tokens are neither endorsed nor authorized by Binance, potentially exposing users to scams and financial harm. “Please remember to verify information through our official channels. Be cautious with unverified tokens. Protect yourself by doing your own research (DYOR) and staying informed,” Binance advised, noting that suspicious activities should be reported promptly to maintain the safety of the community and the cryptocurrency space.