Changpeng Zhao warns after Ledger Discord admin hack prompts phishing scam
@cz_binance: Changpeng Zhao warns on security
Changpeng Zhao, CEO of Binance, issued a warning following the hacking of Ledger's Discord administrator account.
The hack involved a scammer falsely alleging a security flaw and tricking users into entering their private recovery phrases on a phishing site. Zhao emphasized the crucial lesson in maintaining security: ''Never give up your private key recovery phrases no matter who is asking.''
This incident underscores the ongoing vulnerabilities within the cryptocurrency space, where user awareness and steadfast adherence to security protocols remain vital. Ledger has yet to comment on the full scope of the breach or its measures to prevent such incidents in the future.
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In the previous news, tweet author Changpeng Zhao discussed Binance's expansion into global markets.
