Binance Alerts Users to SMS Phishing That Could Target ADA Holders, Advises Verifying Official Channels

• Binance warns users of a new SMS phishing scam targeting account credentials and seed phrases.

• Scammers impersonate Binance with fake security alerts; verify messages via the official app.

• Reported incidents include ADA and XLM losses and one traced movement of about $4.94 million; Thai police disrupted an SMS blaster ring.

Binance SMS phishing alert: learn how the new SMS phishing scam works, what losses occurred, and how to verify messages. Read security steps now. Protect funds.

What is the Binance SMS phishing scam?

Binance SMS phishing is a fraudulent campaign where attackers send convincing SMS messages that impersonate Binance to obtain private keys, seed phrases, or login credentials. The scam surfaced widely in August 2025 and targets individual users with fake security alerts designed to prompt urgent action outside official channels.

How are scammers impersonating Binance via SMS?

Scammers craft SMS messages mimicking Binance tone and branding to create urgency. Messages typically warn of suspicious logins or account risk and include instructions that request verification through a link or direct reply. Binance states it will never ask for seed phrases, private keys, or passwords by SMS, email, or phone.

Investigations reported losses involving ADA and XLM, including one transaction traced at approximately $4.94 million. Thai police action against an SMS blaster ring shows global enforcement coordination. On-chain forensic tools are tracing scam proceeds but individual users bear most reported losses.

How to verify suspicious Binance SMS messages?

1. Open the official Binance app: Confirm alerts in-app rather than following SMS instructions.
2. Never disclose secrets: Do not share seed phrases, private keys, or passwords via SMS or email.
3. Check sender details: SMS sender IDs can be spoofed; treat unexpected messages with caution.
4. Use 2FA and withdraw whitelist: Strengthen accounts with two-factor authentication and address whitelisting.
5. Report and freeze: Report suspicious messages to official support channels inside the Binance app and change passwords immediately.

Binance’s official warning — what did it say?

Binance’s security team issued an official warning describing SMS phishing tactics and reminding users that Binance will never request seed phrases, private keys, or account passwords via SMS, email, or phone. The exchange urges users to verify all messages inside the official Binance app or website and to ignore unsolicited credential requests.

Recent incidents and impact — how severe is the damage?

Available reports indicate individual users have been primarily affected, with incidents involving ADA and XLM losses. One traced case involved a movement of roughly $4.94 million. Law enforcement actions, such as Thai police dismantling an SMS blaster ring, demonstrate cross-border efforts to disrupt these operations.

There is no verified evidence of institutional funding impact on Binance from these scams; most reported losses are to retail wallets. On-chain forensic firms and blockchain analytics teams continue tracing flows related to these attacks (mentioned as plain text sources in industry reports).

Frequently Asked Questions

Can Binance send me a text asking for my seed phrase?

No. Binance will never request seed phrases, private keys, or passwords via SMS, email, or phone. Verify any security message inside the official Binance app and report suspicious SMS immediately.

What if I clicked a suspicious SMS link?

If you clicked a link, change your account password, revoke sessions, enable two-factor authentication, and report the event through the Binance app support. Consider moving funds to a secure wallet if compromise is suspected.

Key Takeaways

• Recognize the threat: SMS phishing impersonating Binance aims to steal credentials and seed phrases.
• Verify in-app: Always confirm alerts inside the official Binance app; Binance never requests private keys via SMS.
• Act quickly: Enable 2FA, change passwords, report suspicious messages, and consult on-chain forensic reports for traced incidents.

Conclusion

This Binance SMS phishing alert underscores persistent security risks in crypto. Follow in-app verification, never share secrets via SMS, and implement 2FA and withdrawal whitelists. COINOTAG reports and law enforcement actions show coordinated responses; remain vigilant and secure accounts to reduce risk.

Published by COINOTAG — 2025-08-22. Last updated 2025-08-22.