Binance Warns of Fake Compensation Offers as Withdrawals Resume

Binance warned that impersonators could exploit its withdrawal restart with fake compensation offers and fees for faster processing. The exchange also completed a cryptographic reserve proof, enabling customers to check backing for 10 tokens while recovery continued. Binance addressed potential fraud during its withdrawal restart following the $6.3 billion hack in a Nov. 2 withdrawal scam warning on X. The exchange stated: It described the approaches customers could encounter: “They may impersonate Binance through DMs, emails, group chats and even small transfers with a message attached, offering to ‘speed up withdrawals,’ give ‘priority processing,’ help you ‘claim compensation,’ or move your assets into a ‘Binance vault’.” It emphasized that Binance would never initiate contact about accounts or funds, sell places in a withdrawal queue, or charge to unlock a network…

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