Binance Warns of Scam Messages Impersonating Reward and Priority Withdrawal

Binance has warned users about scammers impersonating the exchange with fake compensation offers and priority withdrawal services, as it resumes crypto withdrawals in phases following a recent security incident. In an official X post on the 2nd, Binance said fraudsters may reach users through private messages, emails, group chats, and even memo fields attached to small on-chain transfers. The scammers reportedly demand fees to release "compensation" or expedite withdrawals, and may instruct victims to move assets to a so-called "Binance vault" or a "safe account." The exchange stressed that it never sells withdrawal queue positions or charges fees to prioritize withdrawals, and that it will never ask for passwords, two-factor authentication codes, or wallet seed phrases. The warning comes as withdrawal demand remains elevated after the hack, a period when phishing and impersonation scams typically spike. Users and observers should watch for further updates from Binance on the withdrawal schedule and any official compensation announcements.