Binance Co-founder Calls on Elon Musk to Control huge Amount of Scamms on Twitter (Now X).
Yi He, co-founder of the major cryptocurrency exchange Binance, is sounding the alarm about a growing threat: crypto scams running rampant on X.com. He has directly appealed to Elon Musk, the billionaire owner of the social media platform, to take action against these fraudulent activities.
He provided evidence by sharing screenshots of fake accounts impersonating him and Binance. These accounts lure unsuspecting users into clicking on dubious links with promises of fictitious Binance-related cryptocurrencies.
Yi He emphasized the danger – these cryptocurrencies don’t exist, and clicking the links could result in stolen funds. Reports estimate that these X.com crypto scams are reaching alarming levels, siphoning off a staggering $50 million per month from unsuspecting users.