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Binance Blog published a new article, revealing insights into the growing threat of account takeover attacks and how Binance is addressing these challenges. Account takeover attacks can lead to altered account settings, lockouts for the rightful owner, and the depletion of account balances. Binance employs an eight-level defense system that progressively tightens security measures as signs of unusual activity become more evident. The article emphasizes the importance of quick action and strong security habits, such as enabling passkeys, taking Binance's warning messages seriously, and securing accounts immediately if anything appears unfamiliar.

Account takeovers are a swift method by which users can lose their cryptocurrency holdings. Attackers typically bypass blockchain hacking and instead target victims directly, exploiting their emotions and manipulating them into divulging sensitive information through phishing links, malware, SIM swaps, deepfakes, and fake support chats. This allows attackers to drain victims' accounts of funds. Binance's account protection system is layered and relies on a real-time risk detection engine, ensuring a smooth and secure crypto experience for users across the platform.

The article details how account takeover attacks are executed, often following a pattern that relies on speed and pressure. Initially, attackers attempt to steal login credentials through phishing, social engineering, or by finding information on the dark web. Once inside, they quickly change passwords and attempt withdrawals before the victim can react. Binance's defense strategy involves progressive levels of control tailored to each specific case, ranging from gentle alerts to aggressive intervention as risk increases.

Binance's multi-channel notifications alert users of suspicious activity through emails and in-app pop-up messages. Users are advised not to dismiss these notifications but to review all account activities, revoking sessions and changing passwords if unfamiliar devices, locations, or login times are detected. For sensitive actions, Binance requires a unique, time-sensitive one-time password (OTP) for verification, adding an extra layer of security even if login details are compromised.

Additional verification checks are triggered for logins or actions from new devices, locations, or unusual IP addresses. Passkey authentication, a FIDO-based login method, uses a device-linked cryptographic key instead of a password, offering strong resistance to phishing and password theft. Facial recognition verification is employed for higher-risk actions, ensuring the user's identity matches the account before proceeding.

In cases of suspected account takeover, Binance can force a hard reset, logging out all active sessions across devices. This allows users to reset passwords and enhance security. Single withdrawal rejection and withdrawal function blocks are employed when risk signals are high, preventing unauthorized account depletion. Binance's risk framework, powered by real-time monitoring and AI-driven anomaly detection, aims to stop potential account takeovers early while maintaining smooth day-to-day activity for genuine users.

The article concludes by urging users to remain vigilant, keep credentials safe, and utilize Binance's security features. In case of unusual activity or security alerts, users are advised to act swiftly by changing passwords, enabling passkeys and two-factor authentication, and contacting Binance Support if needed.

According to the announcement from Binance, the platform has launched a promotion for DOLO Simple Earn Flexible Products, offering users the opportunity to earn up to 30% APR during the specified promotion period. This promotion is set to run from 2026-01-17 00:00 (UTC) to 2026-03-17 23:59 (UTC). Users who subscribe to DOLO Flexible Products can benefit from both Real-Time APR and Bonus Tiered APR rewards. The subscription process follows a first-come, first-served basis, with rewards distributed daily to users' Spot Accounts. The Real-Time APR is accrued every minute and directly accumulated in users' Earn Accounts.

The promotion details specify that the DOLO Flexible Product offers a 30% APR, which includes approximately 15% Bonus Tiered APR and 15% Real-Time APR. Users can subscribe with a minimum of 0.1 DOLO and a maximum of 500,000 DOLO. The Bonus Tiered APR rewards begin accruing the day after subscription and are distributed the following day between 00:00 (UTC) and 08:00 (UTC). Users holding open positions for DOLO Flexible Products will receive both types of APR rewards during the promotion period, but only Real-Time APR rewards after the promotion ends. Subscription limits apply, and once reached, further subscriptions will be halted.

Binance emphasizes that only users who complete identity verification during the promotion period are eligible for rewards, and sub-accounts do not qualify for Bonus Tiered APR rewards. The platform reserves the right to amend terms and conditions without prior notice, including changes to the rewards rate. Users are advised to refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information. Redemption requests may face temporary delays due to liquidity issues, but redemption time for Flexible Products subscriptions is instant. Binance maintains the right to disqualify users involved in dishonest behavior or tampering with program code.

According to PANews, Japan plans to classify Bitcoin as a financial product this year, a move that could incentivize Japanese citizens to invest in the cryptocurrency. Crypto analyst Willy Woo commented that this classification would result in Bitcoin earnings or transactions being taxed at a rate of 20%, rather than the marginal income tax rate, which ranges from 43% to 55% for annual incomes exceeding $57,000. This change could diminish Metaplanet's tax arbitrage advantage compared to self-custody of Bitcoin. Additionally, approximately 110 other cryptocurrencies will be included in this classification, with staking earnings subject to marginal tax rates.