Binance warns users in Turkey about fake ads – The Times Hub


Binance Turkey has warned investors about the spread of fake ads on billboards in the region.

“Recently, billboards similar to the image below appear in different regions of Turkey”, — wrote representatives of Binance TR.

A photo of one of the billboards was added to the post: it contains the exchange logo, phones for contacting with the Turkish code, tickers of popular cryptocurrencies and text in Arabic.

The company emphasized that the information on the boards “has nothing to do with Binance.” The trading platform intends to take action against people “who are clearly involved in fraudulent activity.”

The company launched Binance TR in 2020. At that time, CEO Changpeng Zhao called Turkey one of the leading countries in terms of the dynamics of the implementation of blockchain solutions and a key market for the global economy.

In April 2022, the local branch announced the launch of a customer service center.

Recall that in the same month, Coinbase plans to absorb Turkey-based cryptocurrency trading platform BtcTurk became known.

Natasha Kumar

About Post Author

Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my [email protected]

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