Only 50 out of 7000 Binance employees on LinkedIn are real, says Binance CEO

Binance CEO Changpeng Zhao in a Twitter post said that only 50 out of 7,000 users claiming to be employees of Binance on LinkedIn are real. This comes as LinkedIn becomes a new platform for crypto scammers to target job-seeking candidates.

Zhao criticised the lack of a real-ID authentication system on Linkedin, saying: “I wished LinkedIn had a feature to let the company verify people. So, many “hey, I am responsible for listing” scammers on LinkedIn. Be careful.”

In June, a report by the Federal Trade Commission (FTC) revealed that more than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021.