CZ Sounds the Alarm – Binance Scammers Beware!

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<a href="https://investment-policy.com/bnb-usd/">Binance</a> CEO CZ Issues Urgent Warning Over Crypto Listing Scams

As a researcher following the crypto space, I’ve been tracking warnings from Binance CEO Changpeng Zhao, often known as CZ. He’s recently advised everyone to be very careful and not trust anyone claiming to be able to guarantee a cryptocurrency project will be listed on Binance. It seems there are individuals falsely representing themselves as having that power.

As a researcher, I’ve been tracking a new scam where fraudsters are offering to get cryptocurrency projects listed on Binance. They’re falsely claiming to either be employees of Binance or to have personal connections with CZ, the company’s founder, to build trust with potential victims.

The executive stated he’s avoiding contact with these individuals and plans to ban them to better protect users’ money.

Be very careful of anyone offering to help you get your project listed on Binance. They are almost certainly scammers, especially if they claim to know Changpeng Zhao (CZ) or have a close relationship with him. In nearly all cases, CZ doesn’t know them, and if I do, I’ll publicly add them to a list of people to avoid. Protect your funds!

— CZ BNB (@cz_binance) March 25, 2026

CZ impostor warning comes amid rise in crypto scams

As a researcher tracking digital asset crime, I’ve observed a significant surge in fraud and theft related to cryptocurrencies. We saw approximately $12 billion lost in 2024, but that number jumped to between $14 and $17 billion in 2025 – an all-time high. The attacks took many forms, including…

  • Social engineeringm which accounted for 65% of all crypto scams and was more prevalent than technical exploits.
  • AI-powered scams (deepfakes and automated phishing) which achieved 4.5 times higher profitability than traditional methods. Deepfakes impersonating exchange executives and celebrities rose by 700% in 2025.
  • Impersonation scams which grew by a staggering 1,400% year over year.

Retail businesses experienced the majority of losses, totaling 74% of all reported fraud. Individuals aged 60 and over lost the most money, with total losses reaching $3.2 billion.

Crypto fraud caused $370 million in financial losses in January 2026, marking the largest monthly total in almost a year.

A crypto investigator named ZachXBT recently discovered a group of over ten fake accounts on X (formerly Twitter) working together to spread fear and trick people into crypto scams. This tactic, called “doomposting,” allowed the scammers to make at least $100,000 before X shut down the accounts.

I discovered a group of over ten online accounts working together to spread fear and anxiety about current events, specifically regarding war and politics. Their goal was to attract people to cryptocurrency scams. They used a simple strategy: they bought accounts that already had followers, then repeatedly posted alarming content, shared posts from other fake accounts, and promoted bogus giveaways or scams to lure people in.

— ZachXBT (@zachxbt) March 23, 2026

A case of the kettle calling the pot black?

Following accusations that Binance was used for money laundering and involved with Iranian-linked funds, the public responded with a mix of support and skepticism about Changpeng Zhao’s intentions.

The Australian Federal Court recently penalized the exchange A$10 million after it incorrectly categorized clients, resulting in A$8.66 million in losses from trading.

Government action

Brazil plans to use money obtained from crimes involving cryptocurrency to fund public projects and build up national reserves. Other countries taking similar steps include the United States, the United Kingdom, China, and North Korea.

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2026-03-27 21:37