Binance security features also include address whitelisting, device management, and the ability to restrict device access. Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts .
Read moreIs there a scammer in Binance?
The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials . Binance CEO Changpeng Zhao on Friday warned of a “massive phishing scam via SMS” targeting the cryptocurrency exchange.7 Şub 2022
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