Cryptocurrency News

Binance takes legal action against fake billboard ads in Turkey

05/09/2022

Less than a minute

2022.05.09 14:31

Binance takes legal action against fake billboard ads in Turkey

Binance TR, the Turkish arm of crypto exchange Binance, has warned investors in the region of an ongoing scam attempt that targets crypto investors via fake Binance-branded billboards and hoardings.

Turkey is home to a large number of crypto investors that account for over 7% of the total traffic to Binance’s primary platform through a desktop browser, as evidenced by data from Similarweb (NYSE:SMWB). Trying to cash in on Binance’s popularity in the country, scammers in Turkey have been found to rent numerous billboards to advertise fake Binance-themed opportunities.

05/09/2022

Less than a minute

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