Binance Faces Spam Crisis As Thousands Falsely Claim To Be Working For The Firm On LinkedIn

The problem related to spam is taking over the digital world as we speak. More and more platforms are being accused of holding fake accounts. And now, a new report related to Binance has really opened the world’s eyes to what’s going on.

What may have begun as Elon Musk trying to buy Twitter and then backing out after hearing news about fake accounts, the world is now becoming weary of bots and spam. Recently, Binance’s CEO shed light on how so many accounts or profiles on the popular job-seeking app LinkedIn were fake.

This past week, CEO Changpeng Zhao revealed how he’s got a hold of 7,000 profiles that claim to be a part of his workforce. These users boldly delineated the same in their CVs and it really surprised him and his company because they’re fake.

We mean to say 50 out of those 7000 are real, and that’s why he’s calling such people scammers. Moreover, he’s also requesting his own followers to be careful of those pretending to be someone that they aren’t.

The CEO also called upon LinkedIn to launch a feature so the firm could better verify real accounts and distinguish them from all others. And the reason this report is alarming isn’t only because people are boosting their CVs with fake job experience but much more.

Two months back, we saw the FBI reveal to CNBC how it was conducting a series of investigations into fraud schemes of investments. This had to do with crypto on LinkedIn, and it’s definitely a huge threat to vulnerable users that fall into the trap.

One cybercrime expert revealed how it was the responsibility of such platforms to keep a check on who has accounts on the app and who doesn’t. Be it apps for professional networking, dating, and so on and so forth.

As far as the current alarming report revealed by the CEO of Binance is concerned, the cybersecurity expert named Brett Johnson feels these 7,000 members could be a part of a cryptocurrency scam. Some people may be thought to believe they really are working for Binance when they’re not.

Interestingly, Binance is not disagreeing with this news. They agree that they don’t have that much time to go through a long list of profiles and make sure everything and everyone is real. Remember, investigations take time.

At the same time, LinkedIn has its own userbase growing by the second so dealing with spam is another issue that the company has been forced to deal with on a routine basis.

This past year, we were made aware of a Standford research that specialized in social media apps and spam accounts seen on them. The researcher found that around 1000 accounts were fake on LinkedIn and were being powered using AI technology. Wow, how’s that for a real eye-opener?

Not only did their resumes comprise of fake work experiences but there was also discussion about fake education histories too.

LinkedIn’s spokesperson was recently seen mentioning how the firm works hard at making sure fake profiles are kept in check and limited. But it seems they’ll be needed to do more than just that.

Read next: Microsoft States That Cryptocurrency Cybercriminals Are Still At Large, Despite The Currency Losing Its Value
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