Dear Users,

Due to the decentralized nature of blockchain, once cryptocurrency is withdrawn, it cannot be recovered. BingX advises investors to be vigilant in identifying fraudulent schemes. If you have already been scammed, please refer to the User Emergency Response Guide and contact our customer support for assistance.

Below are some common fraud tactics to help investors identify and avoid scams.
   

1. Account Operation Scam

Common Steps

1. Get in touch: Scammers add you or invite you to group chats on social platforms.
2. Gain trust: They self-proclaim to have partnered with major platforms, impersonate official personnel, show fake credentials or websites to earn your trust.
3. Promise high returns: Scammers post high-profit records and successful cases to lure investors into believing that they can profit through letting the scammers manage their accounts.
4. Offer account operation service: They ask for sensitive information such as passwords, verification codes, or cajole investors into transferring digital assets to the operator's account.

Example
Mr. X met someone on social media claiming to be an "official BingX personnel," showcasing high returns. Tempted, as per the request of the scammer, Mr. X provided his account information or transferred funds to a "special trading account". Initially, this account showed growth, but when he tried to withdraw, he couldn't, and the scammer disappeared. Mr. X then realized he had been scammed.

How to Prevent

• Stay vigilant: Anyone who claims to be a BingX official personnel and actively contacts you may be a fraudster.
• Protect personal information: Never share account details, passwords, or verification codes to anyone. BingX personnel will never ask for this information.
• Manage your account by yourself: Please don't let any unknown person manage your account or transfer assets to an unknown address.
• Verify identity: Confirm the legitimacy of the contact through the official BingX website or customer support.

   
2. "Friend in Need" Scam

Common Steps

1. Gain trust: Scammers pose as your friend or steal your friend's social account.
2. Tricks: They ask for a loan in cryptos on the grounds of financial difficulties and reject your video or voice call to check their identity. Once you get distracted and withdraw your assets, you fall prey to the scam.

Example
Mr. X received a message from a friend, expressing the urgency of needing money and hoping to borrow cryptocurrencies from him. As this message was sent by his friend's account, Mr. X trusted it and agreed to send cryptos without a second thought. When he requested video confirmation, the scammer gave excuses. After transferring cryptos, Mr. X found out the friend's account was hacked and realized he was scammed.

How to Prevent

• Confirm identity: Always make sure to confirm the identity of the other party through video or voice call before sending funds to friends.
• Stay alert: Never let the guard down for any unusual request of borrowing, even if it’s from a friend’s account.
• Preventive measure: Make it a habit to change your account password regularly and enable two-factor authentication for added security.

3. Third-Party Fraud

Common Steps

1. Gain trust: They initiate an online romance or friendship, or pretend to be an investment mentor to gain your trust.
2. Tricks: These fraudsters first lead you to conduct transaction off the BingX platform, followed by the tricks below.
   - No payment of money: They promise that they will pay after you send the cryptos to them. However, they never make the payment.
   - No payment of cryptos: They promise that they will send you cryptos after you transfer the money. However, they keep the money and never send the cryptos.
   - Send fake cryptos: They promise that they will send you the cryptos after you transfer the money. However, you end up receiving fake USDT (not the USDT issued by Tether).
   - Entrust you to sell cryptos: They entrust you to sell cryptos on the grounds that they're subject to transaction limits, and gradually earn your trust. After you transfer a big amount of money, they deposit fake USDT (not the USDT issued by Tether) to your account.

Example
Mr. X met someone online claiming to be an investment expert with guaranteed OTC trading opportunities. The "expert" assured Mr. X with a promise of profits and asked him to transfer cryptos first. After transferring, the expert disappeared without making the payment. Mr. X then realized he had been duped.

How to Prevent

• Avoid private transactions: Do not conduct transactions outside the platform, as such transactions carry high risks and are susceptible to scams.
• Use platform security: Choose secure platforms for transactions and use their trading guarantees and safety measures.
• Stay vigilant: Be wary of any investment opportunities promising high returns and avoid trusting strangers or self-proclaimed experts online.

   
Reminder
Anyone who claims to be BingX official representative without authorization may be a scammer. Please do not disclose any passwords to others, and BingX will never ask for your password. In addition, please do not allow unknown personnel to manage your account(s) or transfer assets to an unknown address.