Only 50 Profiles of Binance Employees on LinkedIn are Real

In his latest tweet Binance CEO Changpeng Zhao, also known as CZ, wrote that only about 50 out of 7,000 users claiming to be employees of the world's largest cryptocurrency exchange on Linkedin are real.

LinkedIn has become a new instrument for crypto scams that typically start off with unsolicited token listing offers from LinkedIn users claiming to be from reputable crypto exchanges.

In his tweet CZ lamented the lack of a real-ID authentication system on Linkedin:

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.

After finding a victim, the scammer usually sends a document via email or Telegram containing the details of the listing process along with a required initial security deposit for the "service." Obviously, right after the victim transfers the requested digital assets to the deposit address the scammer disappears.

Legitimate exchanges do not generally require initial deposits or listing fees.