Binance Impersonation Scam: Fake Announcements for Small Gram Transfers

Binance co-founder He Yi warned of a Telegram-based scam in which fraudsters send users small amounts of GRAM tokens and attach fake messages to the transaction memo impersonating official Binance notices. The bogus messages claim Binance has been hacked and user funds are unsafe, directing victims to move assets to a so-called "Binance insurance vault." The scheme, reported by Odaily, exploits lingering anxiety after Binance disclosed on October 30 that a hot wallet security incident affected roughly $6.3 billion in user assets. The exchange said it completed asset checks on November 1, though the article was cut off before detailing those results. Watch for further Binance disclosures on recovery progress and remediation, as scam attempts leveraging the incident are likely to continue.