RATE Group | Scammer Demands 300 Bitcoin From Binance in KYC Data Ransom
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Scammer Demands 300 Bitcoin From Binance in KYC Data Ransom

Scammer Demands 300 Bitcoin From Binance in KYC Data Ransom

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News is emerging that the world’s largest crypto exchange, Binance, has been the victim of an attempted ransom demand from a scammer. The attacker threatened to release KYC information if the company did not cough up 300 Bitcoins.

Give me Bitcoin or Else …

In its efforts to be totally transparent, Binance has just released a statement revealing that an unidentified individual has ‘threatened and harassed’ them. Enigmatic CEO, Changpeng Zhao, urged people not to believe or spread the FUD which had already been disseminated across social media.

“Don’t fall into the “KYC leak” FUD.  We are investigating, will update shortly.”

Just like Facebook before it, Twitter has now become a hotbed of scams and fake news and the platform seems indifferent to the problem. These types of posts started appearing on Twitter prompting Binance to clarify the situation.

bitcoin ransom

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