Binance Urges Ethiopian and African Crypto Users to Stay Vigilant Amid Rise in Scams and AI-Driven Fraud

12 August 2025 | Tuesday | News

As crypto adoption accelerates across Africa, Binance warns users to trust only official channels, avoid deepfakes and fake websites, and follow essential safety practices to protect their assets and personal information.
Picture Courtesy | Public Domain

Picture Courtesy | Public Domain

As cryptocurrency adoption grows rapidly across Ethiopia and the African continent, it is more important than ever for users to only trust official Binance (www.Binance.com) channels for information, updates, and support. Scammers are using increasingly sophisticated methods, including AI-driven deepfakes and fake websites, to mislead users. Binance encourages its community to stay informed, secure, and vigilant by following essential safety practices.

“Staying safe in the world of cryptocurrency requires vigilance, education, and common sense,” says Samukele Mkhize, Binance’s Africa Compliance/MLRO. “By understanding how scams work and using trusted tools and official channels, Ethiopian and African users can enjoy crypto securely and confidently.”

As cryptocurrency adoption continues to grow across Africa, Binance—one of the world’s largest and most trusted crypto platforms—is urging users in Ethiopia and beyond to stay alert and informed to avoid falling victim to scams and fraudulent activity.

Binance has issued a reminder to all users to take proactive steps to safeguard their assets, personal information, and online accounts. With scammers employing increasingly sophisticated tactics—from fake investment schemes to AI-generated deepfakes—staying vigilant is more important than ever.

Be Cautious of Unsolicited Messages

Receiving unexpected messages from someone claiming to be from Binance is a major red flag. Binance will never reach out to ask for your personal information, login details, or request a payment. Be wary of anyone urging you to act quickly—this is a common tactic used by fraudsters to pressure victims into making rash decisions.

Use Only Official Binance Channels

Before acting on any message or offer, verify the information through Binance’s official platforms:

  • Official website: www.Binance.com

  • Official Binance app: Download only from the Google Play Store or Apple App Store

  • Educational hub: Academy.Binance.com

  • Local communities: Verified Telegram groups and official social media profiles

Avoid unverified third-party sites such as EthiopianBlackMarket.com, apo-opa.co, and AbokiForex.app—these are not affiliated with Binance and may compromise your security.

? Educate Yourself on Crypto

Knowledge is power. Understanding how crypto exchanges and wallets function is key to staying protected. Binance Academy offers free, easy-to-understand resources to help users get familiar with blockchain, digital assets, and safe trading practices.

? Trust Your Instincts

If something feels suspicious, it probably is. Scammers often use urgency to trick users into sharing sensitive data. Always take a step back, do your research, and avoid giving in to pressure.

? Strengthen Your Security

Use a strong, unique password and enable Two-Factor Authentication (2FA) on your Binance account. Never share your private keys, passwords, or login credentials with anyone—even if they claim to be from Binance.

⚠️ Beware of Deepfakes and AI Scams

Scammers now use AI and deepfake videos to impersonate Binance staff or crypto influencers. These videos may look real but are not legitimate. Binance will never ask you to invest or transfer money through video calls or DMs.

? Understand Binance’s Role

Binance is a tool for trading and managing digital assets—not a financial advisor. It does not offer guaranteed returns or personalized investment tips. Anyone claiming otherwise is likely trying to scam you.

?️ Report Suspicious Activity

If you come across suspicious activity or believe you’ve been targeted, report it immediately to Binance Support and notify local authorities.

? Keep Personal Information Private

Avoid oversharing personal or financial information online, especially on social media. Scammers often target users based on what they post publicly.

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