Richard Teng, the CEO of Binance, has issued a warning to the BNB community about the security of Web3 wallets. He cautioned against importing seed phrases given by others and advised against rushing into "urgent" fixes. Teng emphasized the importance of knowledge and caution as the best defense against cryptocurrency scammers who exploit urgency. He shared an article that highlighted several types of scams, including wallet rectification scams that claim to fix wallet issues but actually steal users' seed phrases, and seed phase traps that lure users with the promise of free coins but steal their funds. Binance advises avoiding publicly-shared wallets and seed phrases, staying calm, and not sharing seed phrases online to protect against these scams.



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