Changpeng Zhao Posted Scam Alert On Twitter; Binance Moves This Week

There are various updates regarding Binance crypto exchange and Changpeng Zhao tweeting about fake Binance employees occurrence on LinkedIn

Fake Binance Employees on LinkedIn

CEO of the leading crypto exchange Binance, Changpeng Zhao or I can say CZ, on 3rd Dec, tweeted about the fake accounts available on LinkedIn. CZ warned that more than 500 fake accounts claim to be Binance Employees and sharing different kinds of fraudulent offers.

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Zhao confirmed that their listing team doesn’t have LinkedIn accounts and only ten profiles are real on it. Hence, users have to be very careful while dealing with such kind of profiles. He attached the images of some fraudulent profiles and messages with an article link about Phishing.

CBM Airdrop Distribution Completed

Yesterday, Binance announced that the distribution process of CryptoBonusMiles (CBM) Airdrop is completed and withdrawal option is now available. Holders can now withdraw their CBMs into their respective wallets. Also, CBM Holders can confirm the deposit receipt through Distribution History Page and can view their CBM balance too. The support page cleared up that Binance will follow the uncompromising listing review process for trading and listing of airdrop tokens.

Binance Changpeng Zhao updates-min

Celebrating the Partnership with Decentraland

Binance and Decentraland became partners; users can use Binance Coin (BNB) and Trust Wallet in the Decentraland’s upcoming LAND auction.

On 2nd Nov, Binance announced the MANA Trading Competition to celebrate the collaboration of both firms. In this completion, 1,875,000 MANA + 1 Binance-branded parcel of LAND is set to give away which will be distributed among top 100 users with effective trading volume. Also, there is the provision of the lucky draw too.

According to the rules, 10 traders will get 7,500 MANA which will be decided via a lucky draw. To become eligible for the lucky draw, traders must have the trading volume of 30,000 MANA or more on Binance. The trading volume should be during the competition period in MANA trading pairs.

It is important to know that the prize will be issued within two weeks after the competition ends. For more details about the rules and regulations, you can visit the support page.

A Quick Recap of USDⓈ

Largest cryptocurrency exchange by trading volume, Binance posted a quick recap of USDⓈ Trading Market. The recap shows:

Meanwhile, Binance declared the addition of PAX token as a quote currency. Also, formed a Stablecoin Market (USDⓈ) by renaming its USDT Market name. The Stablecoin Market (USDⓈ) has several cryptocurrency-trading sets using stablecoins as a base currency.

Additionally, some of them are:

  • Existing Trading pairs PAX/BNB, PAX/BTC, PAX/ETH will be removed and delisted.
  • Paxos Standard Token (PAX) is a regulated US Dollar pegged cryptocurrency that joined Tether (USDT) as a base currency on the recently formed market.

What do you think about these moves taken by Binance? Send us your views on Twitter or Telegram.

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