Cryptocurrency exchange Binance has issued a warning to its users about a rise in fraudulent tokens falsely claiming association with the platform. The company stated that these tokens are not sanctioned by Binance and could potentially lead to scams and financial loss for users. Binance urged its community to verify information through official channels and exercise caution with unverified tokens, recommending users to do their own research. The exchange also encouraged prompt reporting of any suspicious activities to ensure the safety of the community and the wider cryptocurrency industry.



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