Benance plans to introduce a new security facility to help users detect SMS Fishing Scams.
Binas Introduction scheme A new security facility aimed at helping users identify SMS fishing scams. This decision comes in response to increasing concerns over SMS fishing fraud, highlighted by one Recently fishing attack A web 3 enthusiast to target Zhou. The company has not yet given details of how the convenience will work.
Zhou became a victim of an SMS fishing scam that appeared from Benance. Sandesh incorrectly claimed that his account was being accessed from North Korea. The scammer, who introduced as a beggar representative, convinced him to make a safapal wallet. Jhou compliant and transferred money to the wallet. However, he became suspicious and later confirmed with a binente contact that he was actually being scammed. As he attempted to recover his assets, Scammer withdrew additional funds before his transaction failed due to gas fee.
The position of Zhou is not an isolated phenomenon because crypto users have recently made headlines. A week ago, on 18 February, Cybercrime Division of Cyprus Police issued a warning about the increase in SMS fraud schemes. The scammers sent messages to the benner authorities that seemed valid, to users to disclose their login credentials. Once received, the scammers accessed accounts and stole the fund.
Other major crypto platforms have also been targeted. Between December 2024 and January 2025, coinbase users suffered significant losses due to social engineering scams. Blockchain investigator zachxbt Informed At least $ 65 million was stolen during this period. The attackers used fishing email, fake customer service calls and fake websites to cheat users in transfer of funds under the guise of safety verification. The stolen property was then provided services like Bernado Cash through bridges and mix services.
The scale of fishing-related damage has been sufficient. according to a Certified reportThe total $ 2.36 billion was lost in 760 on-chain security events in 2024, which represents an increase of 31.61% from the previous year. About half of the total amount in the fishing attacks was $ 1.05 billion of these damage. The second quarter of 2024 was particularly harmful, resulting in a loss of $ 433.7 million as a result of 67 fishing attacks.
