One of the top exchanges, Binance’s Turkish branch, Binance TR has raised concern over fake Binance billboards and hoardings found in the different regions of Turkey by filing a legal lawsuit. Further, Binance also advised crypto investors to stay out of such deceiving schemes.
Turkey has a notably high number of crypto investors and nearly 7% of total traffic on Binance’s primary platform through a desktop browser generates from Turkey. It seems like Opportunists are planning to gain profits in the name of Binance’s legacy.
After identifying fake billboards in different regions of the country, Binance came forward to reveal that the billboards with the title “Binance Tourist exchange” have no connection with Binance. The fake advertiser has also added numbers to connect with scammers.
The translation of the Turkish tweet from Binance stated that “For a while, billboards similar to the image below have been striking in different regions of Turkey […and] has nothing to do with #Binance!”
The crypto exchange has also initiated legal action against the people “who are clearly involved in fraudulent activities.” In order to track down the wrongdoers for renting out billboards, Binance adopted this aggressive stance.
Crypto investors who tried to contact on given numbers are greeted by scammers as a Binance official. Scammers have asked investors to create new accounts or share private seed phrases with them. By doing so, they want to steal crypto investors’ funds.
Luckily, there is 24/7 Binance’s customer service center now present in Turkey whose priority is to prevent crypto fraud cases and scams.
Investors who suspect being in contact with such scammers are advised to contact Binance’s official customer support through official channels, including the website or mobile application.