- Binance CEO urges users to adopt stronger tools against hackers.
- Four new security measures aim to protect traders from online threats.
- Binance warns projects of fake agents promising fast token listings.
Binance CEO Richard Teng has renewed his call for stronger user protection as hackers and scammers continue to target digital asset holders. His latest security message focuses on empowering users with practical tools that help prevent phishing, malware attacks, and fraudulent access to exchange accounts.
Four Key Tools to Strengthen User Security
According to Teng, Binance has introduced four essential tools designed to enhance account safety. These include authenticator apps, passkeys, security keys, and multi-validator verification. Each option adds a unique layer of defense to help users secure their funds and block unauthorized access.
Authenticator apps are the most common protection method. Binance recommends either Google Authenticator or its own Binance Authenticator. The Google app operates offline once configured, while Binance’s built-in version provides a smoother experience within the exchange ecosystem.
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Passkeys serve as a modern replacement for passwords by turning a user’s device into their digital key. This feature removes the need to manually type passwords, making phishing attempts far less effective.
Moreover, hardware security keys offer another reliable barrier. These devices require physical confirmation for account access, even if a computer is infected with malware. Binance advises users to buy only from official retailers to avoid compromised hardware.
Multi-validator verification provides extra oversight for large transactions. It requires multiple people or devices to approve major withdrawals, reducing the risk of internal or external manipulation.
Binance Warns Crypto Projects of Fake Listing Agents
Last month, Binance also issued a strong warning to crypto projects about scammers posing as listing agents. These fraudsters claim they can fast-track token listings on Binance in exchange for large payments. The exchange clarified that it does not authorize any third-party agents to handle listings, and projects using such services are immediately disqualified.
Additionally, Binance reminded the public that no listing fees are required for spot market inclusion. Any payment request before an official and signed agreement is a definite sign of fraud. The company urged all projects to verify communications through its Binance Verify tool and to report suspicious activities to help protect the wider crypto community.
Together, Teng’s latest security guidance and Binance’s broader warnings highlight the exchange’s continued effort to shield users and partners from evolving digital threats.
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