Binance Co-founder and CZ’s Wife Yi He Issues Warning Over a Recurring Scam

He Yi and Binance logo

Binance co-founder Yi He has issued a warning to users about a scam that is using her name and likeness on LinkedIn. Scammers are creating fake accounts that appear to be genuine, and then using them to contact users and attempt to trick them into revealing personal information or sending money.

Fraudsters Crawling Out

As the crypto market thaws after a chilly period, a familiar threat is re-emerging, exchange token listing scams. According to a Jan. 29 post by Yi He, co-founder of Binance and spouse of the exchange’s former CEO Changpeng Zhao, a LinkedIn impersonator is using her name and position to offer token listings in exchange for payment.

“I’d like to reveal a scam which has happened quite often: I do have a LinkedIn account, but I have long forgotten the password; I am also not in charge of discussing with projects for a potential listing; please be wary of those who claim to be close to me and discuss with you about investments or listing.”

He Yo's fake Linkedin screenshot

Scammy Passive Income WhatsApp Groups

In a separate post, blockchain author Anndy Lian also revealed screenshots of WhatsApp users pretending to pose as Binance staff, with offers of free money for joining cryptocurrency discussion groups.

Fake Binance Whatsapp group screenshot

“I really hate this kind of scammy #Binance titled groups on WhatsApp. This gives crypto a bad name. 1) Binance does not have such groups that offer you passive income 2) If someone in the group says he is @cz_binance , please tell him to read the newspaper 3) Exit + report.” Lian wrote.

Binance urges users

Binance customer support later clarified users to be cautious of individuals offering unsolicited assistance, following reports of resurfacing scams. To ensure the legitimacy of any individual claiming to represent Binance, never share personal information or act on their requests.

Remember, Binance will never initiate contact through unofficial channels. Always verify and use links from the official Binance website to check the validity of individuals claiming to be Binance representatives.

This tool checks website links, email addresses, phone numbers, WeChat IDs, Twitter accounts, and Telegram IDs.

Stay official

Contact Binance only through official channels like:

Official emails from the “” domain. In-app notifications. Announcements on the official Binance website. Verified social media accounts. By staying vigilant and using official channels, you can protect yourself from imposter scams and ensure a safe and secure Binance experience.

Author: Cornelius

Cornelius is a crypto trader. He holds some cryptocurrencies.

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