says that only 50 profiles of the 7,000 Binance employees who are on LinkedIn are genuine.
A Sunday tweet by Changpeng Zhao (also known as CZ) revealed that only 50 of the 7,000 people claiming to work at Binance’s largest cryptocurrency exchange, Linkedin, are actually real. A crypto executive complained about the absence of a real ID authentication system on Linkedin. he said.
“I wish LinkedIn had a feature that would allow the company to verify people. Many “hey, I’m responsible for listing” scammers in LinkedIn. Be careful.”
A LinkedIn scam involving crypto trading begins with an unwelcome request from a crypto exchange executive to project stakeholders about a possible token listing. Profiles are carefully designed to demonstrate years of industry experience and multiple connections (sometimes up to 500), to create an appearance of legitimacy.
Once a victim is found, the scammer sends an email or Telegram document containing details about the listing process and a required security deposit. The scammer seizes the funds and immediately disconnects all contact with the victim.
Most legitimate exchanges don’t require any initial deposits or listing fees. A due diligence team examines the potential token for security compliance and overall utility and schedules a meeting to discuss further steps with the asset issuer. Developers can be harassed daily by fake listing proposals, depending on how large a project is.