• Binance CEO Changpeng ‘CZ’ Zhao warned of phishing and social engineering scams after the hack of Uniswap founder Hayden Adams’ Twitter account.
• CZ advised the community to enable two-factor authentication with a hardware device on all cryptocurrency exchanges.
• Uniswap founder Adams was able to regain access to his hacked Twitter account.
Binance CEO Warns of Phishing Scams
Binance CEO Changpeng ‚CZ‘ Zhao has warned the cryptocurrency community about potential phishing and other social engineering scams in response to the recent hack of Uniswap (UNI) founder Hayden Adams‘ Twitter account. CZ shared a link to a report from February that stated that data of around 500 million users of Whatsapp had been leaked on the internet, which included phone numbers from countries such as the U.S., U.K., Egypt, Italy, and Saudi Arabia.
Two-Factor Authentication Advised
In order to prevent similar hacks from occurring in the future, CZ advised users to enable two-factor authentication with a hardware device on all cryptocurrency exchanges. This would make it more difficult for malicious actors to gain access to user accounts.
Uniswap Founder Regains Access
Fortunately, Uniswap founder Adams was able to regain access back into his hacked Twitter account after it was taken control by malicious players on July 20th.
Data Leak Affects 500 Million Users
The link shared by CZ pointed out a report from February that highlighted how data belonging to over 500 million users had been leaked online, including their phone numbers from different countries across the globe. Although this information is six months old, CZ explained that it has started circulating widely online recently and thus must be taken into consideration when safeguarding user accounts against potential hacks or scams.
Secure Accounts To Prevent Future Hacks
In light of these events, it is important for users within the cryptocurrency community to secure their accounts with two-factor authentication with a hardware device so as not be targeted by malicious actors in the future.