Crypto
Binance releases user safety guidelines to prevent simulated token scams
Binance said on Feb. 9 it released guidelines to protect users from a surge in simulated token scams. The exchange described how scammers create fake tokens that closely copy names, symbols and logos, then distribute them or expose them on decentralised exchanges to induce purchases or swaps. Binance said visual token information can be forged and urged users to verify token contract addresses using network-specific explorers and other tools.
