Australian federal police have alerted over 130 people of a new text message scam aimed at crypto users that copies the same “sender ID” as legitimate crypto exchanges such as Binance.
The data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/impersonation-scams-in-crypto-explained” rel=”null” target=”null” text=”null” title=”null”>impersonation scam involves the fraudsters sending out messages through text and encrypted messaging platforms by impersonating a Binance representative, telling users of a crypto account breach and instructing them to set up a new wallet, the Australian Federal Police (AFP) data-ct-non-breakable=”null” href=”https://www.afp.gov.au/news-centre/media-release/australian-victims-warned-over-rising-cryptocurrency-exchange” rel=”null” target=”null” text=”null” title=”null”>said in a March 21 statement.
The text messages look real at first glance because they…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)