Until now everyone thought that Twitter is the paradise of crypto scammers. Now, however, it’s turning out that scammers have advanced their techniques and extended them to other platforms as well. The result is that Microsoft-owned LinkedIn, the social media platform that is usually known for its professional purposes and high quality users, now seems to be emerging as the next hotbed for crypto scammers.
That’s right. After hijacking Twitter now crypto scammers are expanding their footprint to LinkedIn as well. The modus operandi here is slightly different from that of Twitter – instead of impersonating themselves as famous celebrities on LinkedIn these scammers are posing as employees of major cryptocurrency companies and exchanges. Binance is among the exchanges being targeted by these scammers, and recently Binance CEO Changpeng Zhao went on a tweeting spree to raise awareness about these crooks. He said that less than 10 employees of his exchange have a LinkedIn profile, and a majority of profiles that describe their owner as an employee of Binance are actually scams. And unfortunately, there’re more than 500 such profiles – that is 50x more than the number of Binance employees who actually use LinkedIn. In short, if you’re dealing with someone on LinkedIn who says “working at Binance”, he/she is most probably a scammer.
Be aware of scammers. Most of the 500+ “Binance employees” on LinkedIn are FAKE. Our listing team is not public on LinkedIn. We will never contact you first about listing applications.
— CZ Binance (@cz_binance) December 3, 2018
Only 10 people from Binance have a public profile on LinkedIn, yet there are 500 people there claiming to be with Binance. Beware of scammers.
— CZ Binance (@cz_binance) December 4, 2018
The majority of those scammers are pretending to be the members of Binance Listing Team. By pretending like this they can ask app developers to pay a certain amount for ensuring a listing on Binance. However, the reality, according to CZ, is that Binance NEVER contacts any app developer before listing their applications.
CZ also said in his tweet that Binance mails are signed using PGP. All unsigned emails arriving from any sources are scams.
Now it will be interesting to see whether LinkedIn takes action against these scammers or not. Twitter has tried curbing this menace and there has been mass blocking of Twitter accounts by the company to prevent these scammers, but it remains to be seen whether LinkedIn will do any such thing or not.