Binance’s founder has urgent advice for crypto users: strengthen logins, avoid risky clicks, and adopt advanced security tools to stay ahead of relentless phishing threats.
CZ Shares Crucial Tips to Stop Phishing Scams Targeting Crypto Users
Binance co-founder and former CEO Changpeng Zhao (CZ) shared on social media platform X on Thursday a detailed set of recommendations aimed at protecting users from phishing attacks. Addressing the crypto community, Zhao emphasized user responsibility and outlined foundational measures that can greatly reduce security risks associated with account breaches and social engineering scams.
Underscoring how impersonation remains a common tactic among cybercriminals, Zhao suggested:
Never give your password to a ‘Helpdesk Agent’. The real support agents will never need it.
He further advised against engaging with email-based links, stating: “Don’t click on links you receive in emails. Login to your account only by typing in the URL or through a bookmark. Triple check it’s not a phishing site before entering any password.”
These remarks were directed at minimizing exposure to fraudulent websites designed to harvest user credentials. He also highlighted critical steps to bolster personal security: “Do NOT use the same password on multiple sites. Use a password manager so that you have a unique and strong password for each site. Password managers will also not match on a phishing site domain.” Zhao concluded with a call to adopt hardware security keys: “Use a hardware 2FA like Yubikey. These will prevent most phishing attacks.”
The topic of cybersecurity has taken on increasing importance within the digital asset ecosystem as threats evolve in both frequency and sophistication. High-profile breaches, targeted phishing campaigns, and malware designed to drain crypto wallets have pushed exchanges and users alike to adopt more robust defenses. This week, Coinbase disclosed a data breach involving the bribery of overseas customer support agents, leading to unauthorized access to sensitive customer information. Regulatory agencies are also expanding guidelines around secure custody and consumer protection.
In response to rising attacks, global crypto users are strengthening their security habits, with Binance reporting notable improvements, particularly across Asia. A recent study, based on nearly 30,000 responses, revealed that 80.5% of Asian users enable two-factor authentication, yet advanced tools like anti-phishing codes (21.5%) and whitelisting (17.6%) see low adoption. Despite gaps, Binance found that 84% trust exchange safeguards, while 62.5% prioritize threat interception, highlighting a growing demand for smarter, more protective platforms.
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Russia Intensifies Drive to Replace US Dollar in Global Trade
Russia accelerates the global de-dollarization drive with bold new push for national currencies and economic sovereignty in trade.
Russia Ramps up Exit From Dollar-Dominated Trade System
The global shift toward settling trade in national currencies instead of the U.S. dollar is gaining traction, with Russia positioning itself at the forefront of this movement. During the seventh Moscow Academic Economic Forum on June 2, Russian Foreign Minister Sergey Lavrov stressed the importance of creating independent mechanisms for foreign trade as a way to reinforce the country’s economic autonomy. He was quoted by Tass as saying:
The tasks of further strengthening of Russia’s economic and technological sovereignty, including through the creation of mechanisms for servicing foreign trade independent of external pressure, and the transfer of international settlements into national currencies, are coming to the fore now.
Lavrov argued that the international landscape—characterized by heightened sanctions and what he described as “persisting attempts by a number of Western countries to curb the development of our country”—necessitates urgent action to build a resilient economic model. He called for a unified effort among government bodies, the business sector, academia, and civil society to support this transformation. According to Lavrov, such coordinated engagement is essential to establishing what he called a more just, multipolar economic architecture, in contrast to the Western-dominated global order.
The remarks follow a rising global interest in alternatives to the dollar for cross-border transactions, driven by efforts to reduce the impact of sanctions and reliance on centralized financial systems. Major economic groups such as BRICS, the Shanghai Cooperation Organization, and ASEAN are pursuing these alternatives. In Russia, this movement includes growing interest in decentralized technologies like blockchain and digital assets. Advocates say tools such as Bitcoin could support national economies by facilitating transactions outside conventional financial networks, contributing to de-dollarization and economic autonomy.
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