Ground.News Binance Warns Users of Phishing Scams Amid Reward Campaign Confusion
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- •Binance warns users about fake reward scams linked to a community rewards campaign.
- •No cash voucher promotions are currently active; users should be vigilant against phishing links.
- •The community rewards campaign awaits regulatory approval before launch.
Binance co-founder Yi He issued a warning on November 1, 2026, about fake reward campaigns targeting users, emphasizing that no cash voucher promotions are currently active. These scams are exploiting the anticipation of a community rewards campaign that requires regulatory approval before launch. Yi He clarified that the campaign will only commence after the regulatory review, expected to happen when offices reopen. Users are advised to be cautious of phishing links and fraudulent offers, particularly a fake $150 compensation circulating during the withdrawal suspension. The warning follows Binance's recent restoration of customer withdrawals after a significant cyber theft attempt. The situation highlights ongoing risks in the cryptocurrency space, particularly around promotional activities.
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