Turkey-specific subsidiary of Binance, one of the world’s largest stock exchanges. Binance UKan important announcement made. According to the announcement, the company warned of possible fraudulent activity with billboards seen in different parts of the country. Here are the details of the event that everyone should pay attention to.
Binance Warns Against Scams
Binance, one of the world’s leading cryptocurrency exchanges, is very popular in Turkey both on its global channel and on the Binance TR channel. Potential scammers, who took advantage of this popularity, started to rent billboards in many different parts of the country. While the company defines the people who posted this billboard as “involved in fraudulent activity”, the process in question continues.
🛑For a while, billboards similar to the image below have been striking in different regions of Turkey.
The image below #Binance It has nothing to do with
Necessary legal processes have been initiated against persons who are clearly involved in fraudulent activities.#SAFU pic.twitter.com/znvJDLRP7v
— Binance Turkey (@Binance_Turkish) May 8, 2022
Although Binance and various news sources directly described the incident as fraud, the advertising signs in question were prepared in languages such as English, Arabic and Russian. From this point of view, it can be stated that the relevant advertisers are doing the job of converting cryptocurrencies into cash. However, regardless of the value of the activity, such services of our followers are due to the fact that the logo used is unauthorized and the transactions made do not have a legal equivalent. We strongly recommend not using it.
Binance, on the other hand, has taken legal action to prevent these potential fraudulent activities. According to Binance’s claim, these potential scammers may be performing fraudulent activities using the company’s name with fake numbers.
Although it is known that legal investigations on the subject continue, the incident was talked about a lot on social media. For many people, it is a big problem how these ads get permission to be broadcast and can be broadcast in many different languages in many different regions; According to some users, this may be a “corruption” transaction by earning a kind of commission rather than fraudulent activity. However, as Binance points out, the advertisers are committing a crime because they have not received any permission to use the company’s name. If the ad owners are also using the company’s name, this crime rate increases even more.
It is very important that you always use the official websites of companies to avoid such fraudulent activities. Although fraudulent activities in the crypto money world are decreasing day by day, sometimes there are thieves who want to steal your money with very simple methods.