Binance CEO, Richard Teng, emphasizes the importance of vigilance among the crypto community, pointing out the increasing prevalence of scams in the industry. Teng advocates for thorough research and caution when dealing with unsolicited offers, urging investors to familiarize themselves with common red flags such as Ponzi and pyramid schemes.
This advice comes amid recent scrutiny of Binance by French authorities for alleged regulatory breaches, highlighting the need for transparency and legal compliance in the crypto space. Teng’s alert serves as a reminder to adopt a skeptical and informed approach to cryptocurrency investments.
