SMS scammers posing as Binance have an even trickier way to fool victims

Australian federal police have alerted over 130 people of a new text message scam aimed at crypto users that copies the same “sender ID” as legitimate crypto exchanges such as Binance. 

The impersonation scam involves the fraudsters sending out messages through text and encrypted messaging platforms by impersonating a Binance representative, telling users of a crypto account breach and instructing them to set up a new wallet, the Australian Federal Police (AFP) said in a March 21 statement.

The text messages look real at first glance because they…