• Binance CEO Changpeng ‘CZ’ Zhao warned the cryptocurrency community to be careful of phishing and other social engineering scams.
• This warning was in response to the hack of Uniswap (UNI) founder Hayden Adams’ Twitter account.
• CZ advised the community to enable two-factor authentication with a hardware device on all cryptocurrency exchanges.
Binance CEO Warns Community of Phishing Scams
Binance CEO Changpeng ‘CZ’ Zhao recently warned the cryptocurrency community to be careful of phishing and other social engineering scams in a July 21 tweet. CZ shared a link to a report from February that stated that around 500 million users‘ data from Whatsapp had been leaked online, including phone numbers from countries such as the U.S., UK, Egypt, Italy, Saudi Arabia, and others. When pointed out that the article was six months old, CZ explained that the leaked data was now beginning to circulate widely. Therefore he urged people to use two-factor authentication with a hardware device on all cryptocurrency exchanges for additional security.
Uniswap Founder’s Twitter Account Breached
The cautionary statement came in response to Uniswap (UNI) founder Hayden Adams‘ recent Twitter account breach by malicious players on July 20th. Although it is unclear how they managed access his account, it has been speculated that they may have obtained his password via brute-forcing or using previously leaked credentials databases.
Two-Factor Authentication Recommended
As an added precaution against future breaches and hacks, Binance CEO Changpeng ‘CZ’ Zhao recommended users enable two-factor authentication with a hardware device on all their accounts across cryptocurrency exchanges for added security. This will help protect user accounts against attacks like brute force or credential stuffing attempts which exploit reused usernames and passwords across multiple services or websites – something which hackers are still able to do due to poor password hygiene amongst many users today.
Hayden Adams Reclaims Access To Account
Fortunately for Hayden Adams, he was able to regain control of his hacked Twitter account after it had been taken over by malicious players earlier this week. He used this opportunity as an example of why it is important for everyone using crypto services online to take extra steps toward protecting their accounts by enabling two-factor authentication with hardware devices whenever possible .
In conclusion , Binance CEO Changpeng ‘CZ’ Zhao warned about potential phishing scams and encouraged crypto users everywhere enable two-factor authentication with a hardware device as an added layer of security when accessing exchange platforms . This comes in response Uniswap founder Hayden Adam’s recent Twitter hack which has since been resolved after he regained access back into his account .