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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XRP Key in SEC Filing as Webus Builds Treasury Engine
XRP roars into the institutional spotlight as Webus unveils a $300 million digital asset framework, unlocking next-level treasury infrastructure with regulatory clarity and elite execution.
Webus Files With SEC to Establish XRP Treasury Engine
Webus International Ltd. (Nasdaq: WETO) disclosed key details of its Delegated Digital-Asset Management Agreement with Samara Alpha Management LLC through a Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 3. The SEC filing also includes the company’s announcements regarding its XRP treasury plan on May 29 and June 2.
The agreement, executed on May 28, grants Samara Alpha discretionary authority over a potential $300 million portfolio of digital assets, principally XRP, pending activation upon the transfer of assets to designated custody wallets. This filing marks a significant step in Webus’s strategic positioning around digital asset treasury infrastructure while affirming regulatory transparency. The company emphasized the institutional rigor of the partnership, stating:
This strategic framework … is designed to provide Webus with institutional-grade infrastructure and expertise for potential future digital asset treasury operations, specifically focused on XRP management.
Webus confirmed that no funds or assets have yet been transferred, and that Samara Alpha’s obligations begin only upon asset delivery. Critically, the agreement also limits exposure: “The aggregate value of the managed assets under this Agreement shall not exceed US$300,000,000 unless otherwise agreed in writing by both parties.”
Custody arrangements will be executed via multi-signature wallets, with Webus retaining key access and Samara Alpha lacking unilateral withdrawal authority. Fee terms include a 2% annual management fee, a 20% performance fee on net profits above a high-water mark, and an 80/20 staking reward split favoring Webus. The contract, governed by New York law, is set for a three-year term following activation and allows termination with cause or notice. By structuring this digital asset initiative through an SEC-registered investment adviser and codifying protections such as custody controls and risk-defined discretion, Webus signals its intention to cautiously enter the digital asset space without compromising institutional governance.
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