The CEO of Binance, Richard Teng, has given a strong reminder to the cryptographic community: your assets are as safe as the steps you take to protect them. In a recent article on X, Teng urged users to remain vigilant and take active measures to guarantee their funds in a space constantly targeted by crooks.
As the cryptography market continues to grow, the risk too. Teng’s message serves as a timely warning for anyone sailing in this fast and often unpredictable world.
Teng explained that Binance has built solid defenses – everything, advanced encryption and detection of fraud to monitoring the account 24 hours a day. These systems are designed to stop hackers before being able to cause damage.
But this is only part of the image. According to Teng, users also play a major role in keeping their accounts safe. Protection at the platform level does not mean if users do not take basic precautions. His advice? Work together, platform and user, to eliminate bad players.
Top 4 things you should do now
To help users stay safe, Teng has listed four key practices:
- Activate two -factor authentication (2FA): Add an additional step during connection or transactions to protect your account.
- Keep your devices safe: Make sure your phone or computer is updated and protected.
- Watch out for scams: Be very careful with emails, links or messages requesting your contact details.
- Use Binance’s safety characteristics: Take advantage of the tools already available on the platform.
He also encouraged the use of solid and unique passwords and remain cautious online, especially with increased phishing attempts.
Scams become smarter and more expensive
This warning comes with a good reason. In 2024, thousands of Australian cryptography portfolios were hacked through phishing patterns and other tips. The result is hundreds of millions of people lost.
Teng hopes that regular reminders like this will help prevent such incidents from happening. He thinks that constant consciousness is the key, especially since more and more people enter the cryptographic space.
The community on X was fast enough to meet the update of the security of the CEO of Binance. Most of them have undertaken to follow the security measures and responded with SAFU (Secure Asset Fun For Users).
Held Teng’s advice, a user responded with “personal security is everyone’s responsibility”.
Binance’s firm position on user safety
Binance allows a safe cryptocurrency environment by means of innovation and learning in the simplest way possible.
Teng is expecting what to merger high platform security with user knowledge, investors will protect their digital assets and will maneuver with confidence in the evolutionary landscape of cryptocurrency.
