Binance Co-Founder He Yi Alerts Users to CZ Impersonation Scam

He Yi warns the public about fraudsters posing as Binance’s former CEO on WeChat, stressing that CZ does not use the platform.

170d ago

Summary

On September 25, Binance co-founder He Yi warned users about scammers impersonating Changpeng Zhao (CZ), Binance’s former CEO, on WeChat. He Yi emphasized that CZ does not have an account on the platform and urged users to stay cautious and verify communications to prevent falling for the scam.

Terms & Concepts

Impersonation Scam: A type of fraud where attackers pose as a trusted individual or organization to deceive victims into providing sensitive information or money.
WeChat: A Chinese multi-purpose messaging, social media, and mobile payment app; commonly targeted in scams due to its large user base.
CZ: Nickname for Changpeng Zhao, the former CEO and co-founder of Binance, a leading global cryptocurrency exchange.