Crypto scammers impersonate Binance exec for $210k haul; MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge
Photo by Zanyar Ibrahim / Unsplash

Crypto scammers impersonate Binance exec for $210k haul; MicroStrategy Increases Convertible Note Offering by 40% to $700M in Bitcoin Splurge

Crypto scammers successfully siphoned 60 ETH from a victim believing it was a promotion from a Binance executive for a digital asset giveaway. MicroStrategy increased its latest convertible note offering by $200 million from an original plan of $500 million

Co-founder of Binance Yi He warned the crypto community about scammers impersonating her account and launching phishing campaigns. According to He's notice on Friday, crypto scammers successfully siphoned 60 Ether (ETH) from a victim who likely clicked a malicious link, believing it was a promotion from a Binance executive for a digital asset giveaway. "Please stay alert to such fake accounts," He advised blockchain participants and community members. Scammers often use famous personalities, companies, and other well-known figures for their nefarious purposes.

MicroStrategy increased its latest convertible note offering by $200 million from an original plan of $500 million. It also offered initial buyers an option to purchase an additional $100 million of the notes.

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