Headline: SMS Scammers Disguise as Binance to Trick Aussies

In Australia, over 130 people have been warned about a devious scam where fraudsters disguise as Binance, a major crypto exchange, in SMS messages. Utilizing spoofing techniques, these texts appear in the same thread as legitimate Binance communications. Victims are urged to transfer their crypto to a scammer-controlled 'trust wallet.' Authorities highlight red flags such as unsolicited alerts, urgency to act, and requests for sensitive information. This highlights loopholes in telecom systems, which scammers exploit to mimic trusted platforms. Always verify messages through official channels.