{"id":8494,"date":"2025-08-21T20:18:08","date_gmt":"2025-08-21T20:18:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/binance-warns-of-social-engineering-sms-scam-after-91m-bitcoin-theft\/"},"modified":"2025-08-21T20:18:18","modified_gmt":"2025-08-21T20:18:18","slug":"binance-warns-of-social-engineering-sms-scam-after-91m-bitcoin-theft","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/binance-warns-of-social-engineering-sms-scam-after-91m-bitcoin-theft\/","title":{"rendered":"Binance warns of social engineering SMS scam after $91m Bitcoin theft"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Binance has warned its users about scammers after a victim lost $91 million in a similar attack.<\/p>\n<div id=\"cn-block-summary-block_784e517059f4f7ffc51e611e5cde5afa\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Binance has warned its users about scammers impersonating its support<\/li>\n<li>One user lost $91 million in Bitcoin from a similar attack<\/li>\n<li>ZachXBT says that attackers don\u2019t appear to be from North Korea<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Scammers are increasingly relying on human error to steal funds. On August 21, crypto investigator ZachXBT reported that one user lost $91 million in Bitcoin (BTC) to a social engineering scam. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">On Aug 19, 2025 a victim fell for a social engineering scam and lost 783 BTC ($91M) after exchange and hardware wallet customer support were impersonated. <\/p>\n<p>The stolen funds began to peel off and deposits to Wasabi were made by the threat actor.<\/p>\n<p>Coincidentally this theft\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/gglShNo2UC\">pic.twitter.com\/gglShNo2UC<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/zachxbt\/status\/1958583129356345414?ref_src=twsrc%5Etfw\" target=\"_blank\">August 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>According to the investigator, the attack, which happened on August 19, was a social engineering scam. Scammers impersonated both the victim\u2019s crypto exchange and hardware wallet support via text messages.<\/p>\n<p>They used this fabricated trust to get the victim to share critical information, which gave the attackers control over the funds.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Binance warns that scammers are targeting its users<\/h2>\n<p>ZachXBT did not reveal which exchange the attackers targeted. However, following the attack, Chinese crypto reporter Colin Wu reported that Binance issued a warning about the same type of scams to its users.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Binance: Scammers are sending fake SMS messages pretending to be from Binance. They want to trick you by saying your account is \u201cat risk\u201d and make you call fake support telephone numbers or click dangerous links. Binance will never reach out directly via SMS or phone calls. If\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/IZtYb5c9Zk\">pic.twitter.com\/IZtYb5c9Zk<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1958534125817885182?ref_src=twsrc%5Etfw\" target=\"_blank\">August 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>According to Binance, attackers send unsolicited text messages to users, pretending to be from the exchange. Typically, these scams try to make it seem that the user\u2019s account is at risk.<\/p>\n<p>For instance, the messages will warn users that a new device from an unknown location has logged into their accounts. Similarly, the text messages also warn about supposed transfers.<\/p>\n<p>In all cases, attackers prompt users to either call the \u201csupport\u201d number or log into a fake website. From there, they are asked to share account information, enabling scammers to take over their wallets.<\/p>\n<p>According to Hacken, social engineering scams led to $600 million in losses in the first half of 2025. This was about 19% of all losses across crypto platforms in the same period. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has warned its users about scammers after a victim lost $91 million in a similar attack. Summary Binance has warned its users about scammers impersonating its support One user&hellip;<\/p>\n","protected":false},"author":1,"featured_media":360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8494"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8494\/revisions"}],"predecessor-version":[{"id":8495,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8494\/revisions\/8495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/360"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}