Why is Binance a scam?

Why is Binance a scam?

Why is Binance a scam?

The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials. Binance CEO Changpeng Zhao on Friday warned of a “massive phishing scam via SMS” targeting the cryptocurrency exchange.

How can I refund my money from scammer?

Contact your bank immediately to let them know what’s happened and ask if you can get a refund. Most banks should reimburse you if you’ve transferred money to someone because of a scam.

How do I report a scam number in Pakistan?

Besides contacting their respective mobile phone operators, consumers may also register their complaints in this regard on PTA complaint cell numbers 051-9225329-31 Ext: 155 and at email address [email protected] . Appropriate action would be taken against the persons involved in this fraudulent activity.

Can I get scammed on Binance?

Seeing that Binance has imposed a stringent Identity Verification process on users, he made the transfer to the scammer’s address. 7. Scammers would prompt you to complete more tasks to earn rewards, but you won’t be able to withdraw any from the website. Your deposited funds won’t be able to recover too.

Is Binance real or fake?

Binance offers a relatively secure, versatile way to invest in and trade cryptocurrencies. Binance could be overwhelming for beginners and experienced traders alike. Binance offers lower fees than many other cryptocurrency exchanges.

What is the punishment of cyber crime in Pakistan?

Cybercrimes Punishments in Pakistan

Type of Cybercrime Punishment
Malicious Code 5 years imprisonment or PKR 5 lac fine
Cyberstalking 3 years imprisonment or PKR 3 lac fine
Spamming 3 years imprisonment or PKR 3 lac fine
Spoofing 6 months imprisonment or PKR 50 thousand fine

Where can I report cyber crime in Pakistan?

They can be reached on the FIA established cybercrime helpline 111-345-786. The numbers 051-9106691, 051-9106384, 051-9106690, or 1991 can also be contacted for queries and updates on complaints.