Binance Alerts Users About Fake Tokens and Announces New Trading Features

Binance has issued a warning to its users following the rise of fraudulent tokens falsely linked to the exchange on social media.

The tokens, which are not affiliated with Binance, pose a serious risk of scams and potential financial losses. In a recent statement, Binance urged its community to remain vigilant and to verify token information through official channels to avoid falling prey to misleading projects.

The platform stressed the importance of careful research before engaging with any tokens and encouraged users to report suspicious activities promptly to help protect the broader crypto community.

In addition to the safety notice, Binance announced that it would conduct routine wallet maintenance, involving a significant transfer of BTC to an internal address.

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Binance Expands Spot Trading with New Pairs and Trading Bot Features

The company clarified that this movement of BTC would not result in any outflow and emphasized that all relevant addresses are included in its proof-of-reserve for transparency.

Binance also introduced new features, including the launch of the BANUSDT and AKTUSDT perpetual contracts with up to 75x leverage on Binance Futures, as well as new USDC pairs on Binance Margin, further enhancing its trading offerings.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.