According to Decrypt, Australian authorities have launched a crackdown on fraudsters impersonating cryptocurrency exchange Binance, following a series of cryptocurrency fraud cases targeting users in the area. The Australian Federal Police (AFP), National Anti Fraud Centre (NASC), and Binance Australia have jointly issued a warning to alert the public to this complex scam that steals cryptocurrency through false information. It is reported that scammers impersonate Binance representatives through SMS and encrypted messaging platforms, falsely claiming that the victim's account has been hacked. These pieces of information are disguised as legitimate conversations with Binance, containing false verification codes and contact phone numbers, inducing victims to call counterfeit hotlines. Once the victim makes a phone call, they will be induced to transfer the cryptocurrency to the "trust wallet" controlled by the fraudster. AFP cooperates with international law enforcement agencies to investigate the perpetrators, but once the funds are transferred, they quickly circulate through multiple wallets and money laundering channels, making it difficult to recover. AFP works closely with NASC to ensure that victims in Australia can be quickly identified and receive recommendations for protecting cryptocurrency accounts, "said Graeme Marshall, commander of AFP's cybercrime operations The authorities suggest that the victim immediately contact a bank or cryptocurrency exchange and report to the police through ReportCyber, citing reference number AFP-068.
