Beware of the recent ‘Share-Seed-Phrase’ scam—stay vigilant to protect your assets! For full details, please refer to Binance Risk Snipe. 💪

Scammers are deceiving users by persuading them to transfer funds to a so-called “trust wallet” (a self-custodial cryptocurrency wallet where only the person holding the private seed phrase can access and control the assets). These impersonators even email the wallet’s seed phrase, misleading victims into believing they have exclusive control. In reality, scammers hold equal access to these “trust wallets” and can steal assets as soon as they are transferred.
Scam Methodology: Step-by-Step Breakdown
Victims receive fake security alert emails and phone calls from scammers.Scammers impersonate authoritative figures, such as tax officers, law enforcement, or fraudulent Binance representatives to gain trust.Victims then receive a wallet recovery phrase from scammers, who claim it is for a secure “trust wallet.”Scammers instruct victims to transfer assets from their Binance accounts to this so-called “trust wallet,” claiming it protects their assets from unauthorized access.The scammers retain access to the “trust wallet” and await the victim’s transfer.Once the transfer is completed, scammers immediately withdraw assets into their own wallets, resulting in a loss for the victim.

How to Protect Yourself from This Scam:
Binance will never contact you via phone or WhatsApp, nor ask you to call us back on any number.We will never request that you transfer funds to another wallet for “security” reasons.If you receive suspicious calls, emails, or messages, do not engage. Report them immediately to Binance Support. Stay vigilant and safeguard your assets.
Details how to stay safe 👇 
Share-Seed-Phrase Scams: A Binance Guide to Protecting Yourself Against a Rising Threat