Binance CEO Asks Followers to Help Nab a Fraudster

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Binance chief executive Changpeng Zhao has appealed to his followers on Twitter to report an impostor pretending to be the CEO of the Korean arm of the crypto exchange.

Zhao didn't clarify if Binance is contemplating any legal action against the alleged perpetrator.

"Purple is not even Binance's color".

Zhao tweeted on Oct 25, saying that he was receiving inquiries about a bogus website claiming to represent Binance South Korea.

He shared images of what appears to be a business card featuring the logo of the fake company, as well as the name and email address of its CEO.Just received a few inquires from our Korean friends.

If you see this guy, please call the police to arrest him for fraud, on the spot.

The Binance CEO pointed out that even the color of the business card is not the same as the one used by Binance.

The image shared by Zhao names Shawn Y. Choi as the CEO of this fake company pretending to represent Binance operations in South Korea.

When we looked up the domain linked to the domain BinaneCorea.com on Who.is, it gave us an address in Seoul: 170 Nonhyeon-ro Gangnam-gu Seoul.

It's likely that the address, as well as the phone number linked to the domain, are as bogus as the website using a 'C' for the 'K' in Korea.

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