Scammers continue to negatively affect the cryptocurrency market. According to Changpeng Zhao, the CEO and founder of Binance, there are more than 1,500 Binance scammers on the professional social network LinkedIn. The number of Binance scammers on LinkedIn can eventually reach 1,605.

Binance’s Changpeng Zhao Warns About Scammers

Changpeng Zhao, a recognized figure in the cryptocurrency market and CEO of one of the largest exchanges in the industry warned users that more than 1,500 scammers are impersonating the Binance team on LinkedIn.

A few hours ago, Jason Yanowitz released the list of the 10 largest crypto companies according to their number of employees.

In this list, Binance appeared on top with 1,635 employees, followed by Coinbase with 1,195 and ConsenSys with 865. Other companies included OKEx and OKCoin with 548, Ripple with 508, Bitmain with 475, Huobi with 453, Circle with 350, Tron with 250 and Bitfinex with 220.

In another Tweet Changpeng Zhao said:

“This is like counting how many accounts are named similar to “cz_binance” to count how many real CZs there are in the world.”

Mr. Zhao has also mentioned that the actual size of the Binance team is 600 employees. However, 30 is the actual number of Binance team members that have a profile on LinkedIn.

Scammers impersonating Binance team on LinkedIn: 1,500+

Binance actual team size: 600

Binance teams that actually have a profile on LinkedIn: 30 Welcome to #Crypto & LinkedIn https://t.co/Km6TimEkJk — CZ Binance (@cz_binance) October 12, 2019

This shows that the numbers provided by LinkedIn are not reliable. Other users mentioned that this is how LinkedIn works and that people are confused about how the platform works.

At the time of writing this article, UseTheBitcoin contacted some of the companies on the list but didn’t receive an answer.

SAFU Wallet Scamming Users

We reported on October 11 that the SAFU Wallet that works with the Binance network is allegedly stealing users’ data.

Ouriel Ohayon, the co-founder of ZenGo, explained on Twitter that the wallet extension SAFU Wallet was stealing lots of funds by injecting malicious code to users.

Many users lost over hundreds of dollars in tokens they store in this wallet. A whitehat hacker said that by inspecting the SAFU code he found that they were injecting dynamically the script https://safuwallet.tk/inside.js in every page that is loaded.

Despite having a more mature market than back in 2017, many new users could be affected by these scammers.

It is recommended not to download the extension of this wallet that is already not available on Google Chrome.