- Binance has issued an important security reminder, warning crypto projects to be wary of scammers claiming to be listing agents or intermediaries who promise fast-track listings on Binance for a fee
- It has sent another warning today, reminding everyone of the said scam
- To help projects verify legitimacy, Binance advises using Binance Verify, checking official channels, and confirming contact identities
Binance has issued an important security reminder for projects on September 9, warning crypto projects to be wary of scammers claiming to be listing agents or intermediaries who promise fast-track listings on Binance for a fee.
Today, it has sent another warning, reminding everyone of the said scam.
In the announcement, Binance stresses that it doesn’t accept or recognize any third party (agents, consultants, advisors, and so on) submitting listing applications, and doing so leads to immediate disqualification.
The company clarified that there are no listing fees for spot market listings, and any communication requesting fees before an official, signed agreement is a scam.
To help projects verify legitimacy, Binance advises using Binance Verify, checking official channels, and confirming contact identities. It also asks people to report anyone who seems suspicious.
Related: Binance Ends MANTRA (OM) ERC20 and BEP20 Network Support Sept. 26
Last week, the exchange warned about scammers pretending to be support agents. These fake calls instructed users to alter API configurations or divulge login credentials.
Also, there’s a growing concern about AI-powered impersonation scams, where cybercriminals clone identities (be it emails, voice, online avatars, or something else) to appear as employees or credible agents. This is just one of many scam warnings that Binance shared to keep its users safe.
Scams are the bane of the crypto industry
Many new crypto projects are desperate to get their token listed on a big exchange like Binance because it brings attention and users. This desire can make them easy targets for scammers who pretend to be agents offering a shortcut.
Such scams not only cause direct financial harm and reputational damage to victimized projects, but they also create problems for the entire crypto world.
It’s a clear sign that the process needs to be more transparent and that teams need to be just as careful as regular users when verifying contacts.
Related: A New Phishing Scam Targets FTX Creditors Ahead of the September 30 Payout
Binance’s repeated warnings also show how exchanges must actively safeguard their ecosystems. By educating users and projects, the company is both protecting its reputation and helping build long-term trust in crypto markets.
Ultimately, combating scams isn’t just the job of exchanges – it’s a community effort. Developers, investors, and users all share responsibility in reporting suspicious behavior and insisting on clear practices. Only through cooperation can the crypto space stay safe and trustworthy as it continues to expand globally.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
