User Security Enhancements on Binance
Binance CEO Richard Teng has reiterated his call for enhanced user protection measures in the face of ongoing threats from hackers and scammers targeting digital asset holders. His recent security advisory emphasizes equipping users with practical tools to defend against phishing, malware attacks, and unauthorized access to exchange accounts.
Teng highlighted four essential tools introduced by Binance to bolster account security: authenticator apps, passkeys, security keys, and multi-validator verification. Each of these tools offers a distinct layer of defense to help users safeguard their funds and prevent unauthorized access.
Detailed Look at Binance's Security Tools
Authenticator apps, such as Google Authenticator or Binance's own Binance Authenticator, are a widely recommended security measure. The Google app functions offline after initial configuration, while Binance's integrated version provides a more seamless user experience within the exchange platform.
Passkeys represent a modern alternative to traditional passwords, effectively transforming a user's device into a digital key. This innovation eliminates the need for manual password entry, significantly reducing the vulnerability to phishing attempts.
Hardware security keys offer an additional robust layer of security. These physical devices require direct user interaction for account access, providing protection even if a user's computer is compromised by malware. Binance strongly advises purchasing these keys only from official retailers to ensure they have not been tampered with.
For high-value transactions, multi-validator verification introduces an extra layer of oversight. This feature necessitates approval from multiple individuals or devices for significant withdrawals, thereby mitigating the risks associated with internal or external manipulation.
When was the last time you checked your account security?
If it’s been a while – now’s the time.
Your account deserves that extra protection. https://t.co/35HOstY4tj
— Richard Teng (@_RichardTeng) October 30, 2025
Binance's Warning to Crypto Projects Regarding Fake Listing Agents
In addition to user security, Binance has also issued a stern warning to cryptocurrency projects concerning individuals posing as listing agents. These fraudulent actors claim they can expedite token listings on Binance in exchange for substantial payments. Binance has explicitly stated that it does not authorize any third-party agents for listing processes, and projects engaging such services will be disqualified.
Furthermore, Binance reminded the public that no listing fees are required for inclusion in the spot market. Any request for payment prior to an official and signed agreement is a clear indication of fraud. The exchange encourages all projects to verify communications through its Binance Verify tool and to report any suspicious activities to contribute to the security of the broader crypto community.
Conclusion on Security Efforts
The combined efforts, including Richard Teng's recent security guidance and Binance's broader warnings, underscore the exchange's ongoing commitment to protecting its users and partners from the evolving landscape of digital threats.