Binance CEO warns of phishing scams as Uniswap founder gets hacked
The amount of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently. Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks. CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams . He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication (2FA), instead of using mobile carrier-based 2FA for example. “Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,” Binance CEO wrote. Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter account compromised on July 20. After taking over Adams’ account, the attacker attempted to scam his followers through a malicious link posted on his page. Members of Crypto Twitter have quickly identified and warned others against the scam. Adams subsequently restored access...