Beware of the Binance API Linked To Ledger Live Scam Texts
Written by: Thomas Orsolya
Published on:
Cryptocurrency scams are on the rise, and one of the latest tricks aims to steal your Binance account details by claiming your API has been linked to Ledger Live without authorization. This convincing scam leverages urgency and fear to trick victims into calling scammer-run numbers, potentially handing over sensitive information or even account access.
In this guide, we’ll break down exactly how the “Binance API Linked to Ledger Live” scam works, provide examples of the fraudulent messages, explain what to do if you receive one, and outline steps to take if you already fell victim.
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Overview of the Binance API Linked to Ledger Live Scam
The Binance API Linked to Ledger Live scam is a form of social engineering attack that aims to steal cryptocurrency funds and personal information from Binance users. This scam starts with victims receiving a fake text message claiming their Binance API keys have been connected to Ledger Live without authorization.
The message is designed to create urgency and panic, tricking the recipient into calling a phone number provided to supposedly “remove” the unauthorized API linkage. However, in reality, the phone numbers route to criminal-run call centers controlled by the scammers themselves.
Once on the phone with the victim, scammers posing as Binance support agents use various manipulation tactics to gain login credentials, install remote access malware, or reset account passwords. This gives them control of the victim’s Binance account, allowing them to quickly drain funds from wallets and transfer to their own accounts.
Some specific examples of the tactics used include:
Asking for account email address and password to “confirm identity”
Instructing victims to download remote access apps like AnyDesk
Sending password reset links to steal access to accounts
Getting victims to reveal two-factor authentication codes
Extracting ID documents and selfies to facilitate identity theft
With the rise of decentralized finance and crypto adoption, scammers are honing in on new tactics to take advantage of inexperienced users. The Binance API Linked to Ledger Live scam demonstrates the lengths fraudsters will go to compromise accounts, including coordinating international criminal call centers.
Reports indicate that victims worldwide have received these scam texts, meaning this is a large-scale, well-organized effort targeting the millions of Binance users globally. The scam is also technically sophisticated, with scammers hacking phones to spoof legitimate Binance numbers on the texts they send.
How the Binance API Linked to Ledger Live Scam Works
The scammers behind this scam put a lot of thought into their process, maximizing urgency and believability. Here is exactly how this scam unfolds:
1. Victims Receive a Fraudulent Text
The scam begins with the victim receiving an unsolicited text message that appears to come from Binance. The message claims the recipient’s Binance API keys have been linked to Ledger Live without their authorization.
Here are some examples of the text message victims receive:
“Your Binance API has been linked to Ledger Live. Please call +1234567890 if this was not requested by you. All our call centers operate in English.”
“URGENT: Your Binance account’s API was recently linked to a Ledger Live device without your consent. Call +1 234-567-8910 immediately if you did not link the accounts.”
“ALERT: We have detected unauthorized activity linking your Binance API to a new Ledger Live account. If this was NOT you, call 234-555-9876 right away to secure your account.”
The messages create a sense of urgency by using attention-grabbing words like “URGENT”, “ALERT”, and “immediately”. Claims that “unauthorized activity” was detected makes the victim believe their funds are at risk.
2. The Text Instructs Recipients to Call a Number
After creating a panic that account access may be compromised, the text provides a phone number to call. This gives the illusion that calling will “resolve” the API linkage issue and protect their funds.
In reality, the phone numbers in these messages route to criminal-run call centers. The scammers who answer these calls are the ones who sent the fake texts in the first place.
3. Scammers Posing as Binance Support Answer the Calls
When the victim calls the number provided, the scammer pretends to be from Binance support. They reassure the victim that they reached the right place to address the “unauthorized” API-Ledger Live linkage.
The scammers often:
Speak English to sound more legit
Claim they need to “verify account ownership” before removing the API connection
Ask for personal info like your Binance login email
Instruct you to download remote access software to “diagnose the problem”
Pressure you to act quickly without thinking
4. Scammers Use the Call to Steal Personal Information and Funds
With the victim on the phone, scammers now have free reign to employ social engineering tactics to gain account access or steal personal information.
Common goals include:
Getting your Binance account password – They may straight up ask for your current password to “verify the account” and remove the API connection. But don’t fall for it!
Installing remote access software – The scammers will try convincing you to download software like AnyDesk that gives them control over your computer and accounts.
Resetting your account password – They may claim the only way to secure your account is resetting the password. But the reset link goes to the scammer, not you.
Gaining access to other accounts – With personal info obtained, they may compromise your email, bank account or other cryptocurrency exchanges.
Stealing your identity – Any personal details gathered can facilitate identity theft down the road.
Essentially, the scammers leverage the call to manipulate you into giving up login credentials, install malware, or reset your password to lock you out of your own accounts. Once they gain access, your cryptocurrency funds can be stolen quickly.
What to Do If You Receive a Binance API Linked to Ledger Live Scam Text
If you receive one of these scam texts claiming your Binance API is linked to Ledger Live, stay calm and avoid calling the number. Here are the steps to take:
Don’t panic – The message is fake and your funds are likely OK. Scammers are trying to alarm you into making a mistake.
Report the scam text – Forward the text message to your cell phone provider’s scam reporting number to help identify and block the sender.
Call Binance directly – Look up Binance’s real customer support phone number on their official website to verify if any unauthorized changes were made.
Review account activity – Log into your Binance account directly and thoroughly review recent activity for any signs of unauthorized access or changes.
Reset your password – As a precaution, reset your Binance account password directly through the real Binance website. Avoid password reset links in texts or emails.
Enable 2FA – If you haven’t already, enable two-factor authentication on your Binance account for extra protection.
Ignore instructions in the text – Do not call the number in the scam text or follow any instructions provided. The scammers are posing as Binance support.
Warn others – Let family, friends, and fellow crypto traders know about this scam so they don’t fall victim. Posting about it on social media can help spread awareness.
The bottom line is never call numbers or follow links provided in unsolicited texts, even if they sound very urgent or legitimate. Go directly to the real company’s website or app to verify any account changes.
What to Do If You Called the Scam Number and Provided Information
If you unfortunately called the number provided in the scam text and gave up any personal information or access, here are the steps to take immediately:
Contact Binance support – Call Binance’s real support line and explain you were scammed. They may be able to freeze the account if the scammer is actively transferring funds out.
Reset your password – If you did NOT provide your current Binance password, reset it immediately through the real Binance website to lock out the scammers.
Remove linked devices – Go to your Binance account settings and remove any newly linked devices, apps or API connections the scammers may have set up.
Audit account activity – Thoroughly review your entire Binance account history to identify any signs of unauthorized access, withdrawals, or API connections.
Monitor closely – Keep a close eye on your Binance account activity over the next few weeks to ensure the scammers do not regain access.
Enable account protections – Make sure you have all of Binance’s security features enabled, like 2FA, anti-phishing codes, and withdrawal address management.
Change passwords – As a precaution, change passwords for any other accounts for which you provided login credentials over the call.
Scan devices – Run comprehensive antivirus scans to remove any remote access malware the scammers had you download during the call.
Alert bank/credit cards – If you provided financial account details, contact your bank and credit card companies to monitor for fraudulent use.
Place fraud alert – Consider placing a fraud alert on your credit reports in case the scammers try opening new accounts in your name.
Report the scam – File a scam report with the FTC and Internet Crime Complaint Center to help authorities track these criminal operations.
The earlier you take action, the better your chances of securing accounts and limiting damage. But even if the scammers emptied your Binance account, reporting the unauthorized transactions can still help get those funds back.
Is Your Device Infected? Check for Malware
If your device is running slowly or acting suspicious, it may be infected with malware. Malwarebytes Anti-Malware Free is a great option for scanning your device and detecting potential malware or viruses. The free version can efficiently check for and remove many common infections.
Malwarebytes can run on Windows, Mac, and Android devices. Depending on which operating system is installed on the device you’re trying to run a Malwarebytes scan, please click on the tab below and follow the displayed steps.
Malwarebytes For WindowsMalwarebytes For MacMalwarebytes For Android
Scan your computer with Malwarebytes for Windows to remove malware
Malwarebytes stands out as one of the leading and widely-used anti-malware solutions for Windows, and for good reason. It effectively eradicates various types of malware that other programs often overlook, all at no cost to you. When it comes to disinfecting an infected device, Malwarebytes has consistently been a free and indispensable tool in the battle against malware. We highly recommend it for maintaining a clean and secure system.
Download Malwarebytes for Windows
You can download Malwarebytes by clicking the link below.
After the download is complete, locate the MBSetup file, typically found in your Downloads folder. Double-click on the MBSetup file to begin the installation of Malwarebytes on your computer. If a User Account Control pop-up appears, click “Yes” to continue the Malwarebytes installation.
Follow the On-Screen Prompts to Install Malwarebytes
When the Malwarebytes installation begins, the setup wizard will guide you through the process.
You’ll first be prompted to choose the type of computer you’re installing the program on—select either “Personal Computer” or “Work Computer” as appropriate, then click on Next.
Malwarebytes will now begin the installation process on your device.
When the Malwarebytes installation is complete, the program will automatically open to the “Welcome to Malwarebytes” screen.
On the final screen, simply click on the Open Malwarebytes option to start the program.
Enable “Rootkit scanning”.
Malwarebytes Anti-Malware will now start, and you will see the main screen as shown below. To maximize Malwarebytes’ ability to detect malware and unwanted programs, we need to enable rootkit scanning. Click on the “Settings” gear icon located on the left of the screen to access the general settings section.
In the settings menu, enable the “Scan for rootkits” option by clicking the toggle switch until it turns blue.
Now that you have enabled rootkit scanning, click on the “Dashboard” button in the left pane to get back to the main screen.
Perform a Scan with Malwarebytes.
To start a scan, click the Scan button. Malwarebytes will automatically update its antivirus database and begin scanning your computer for malicious programs.
Wait for the Malwarebytes scan to complete.
Malwarebytes will now scan your computer for browser hijackers and other malicious programs. This process can take a few minutes, so we suggest you do something else and periodically check the status of the scan to see when it is finished.
Quarantine detected malware
Once the Malwarebytes scan is complete, it will display a list of detected malware, adware, and potentially unwanted programs. To effectively remove these threats, click the “Quarantine” button.
Malwarebytes will now delete all of the files and registry keys and add them to the program’s quarantine.
Restart your computer.
When removing files, Malwarebytes may require a reboot to fully eliminate some threats. If you see a message indicating that a reboot is needed, please allow it. Once your computer has restarted and you are logged back in, you can continue with the remaining steps.
Your computer should now be free of trojans, adware, browser hijackers, and other malware.
If your current antivirus allowed this malicious program on your computer, you may want to consider purchasing Malwarebytes Premium to protect against these types of threats in the future. If you are still having problems with your computer after completing these instructions, then please follow one of the steps:
Scan your computer with Malwarebytes for Mac to remove malware
Malwarebytes for Mac is an on-demand scanner that can destroy many types of malware that other software tends to miss without costing you absolutely anything. When it comes to cleaning up an infected device, Malwarebytes has always been free, and we recommend it as an essential tool in the fight against malware.
Download Malwarebytes for Mac.
You can download Malwarebytes for Mac by clicking the link below.
When Malwarebytes has finished downloading, double-click on the setup file to install Malwarebytes on your computer. In most cases, downloaded files are saved to the Downloads folder.
Follow the on-screen prompts to install Malwarebytes.
When the Malwarebytes installation begins, you will see the Malwarebytes for Mac Installer which will guide you through the installation process. Click “Continue“, then keep following the prompts to continue with the installation process.
When your Malwarebytes installation completes, the program opens to the Welcome to Malwarebytes screen. Click the “Get started” button.
Select “Personal Computer” or “Work Computer”.
The Malwarebytes Welcome screen will first ask you what type of computer are you installing this program, click either Personal Computer or Work Computer.
Click on “Scan”.
To scan your computer with Malwarebytes, click on the “Scan” button. Malwarebytes for Mac will automatically update the antivirus database and start scanning your computer for malware.
Wait for the Malwarebytes scan to complete.
Malwarebytes will scan your computer for adware, browser hijackers, and other malicious programs. This process can take a few minutes, so we suggest you do something else and periodically check on the status of the scan to see when it is finished.
Click on “Quarantine”.
When the scan has been completed, you will be presented with a screen showing the malware infections that Malwarebytes has detected. To remove the malware that Malwarebytes has found, click on the “Quarantine” button.
Restart computer.
Malwarebytes will now remove all the malicious files that it has found. To complete the malware removal process, Malwarebytes may ask you to restart your computer.
Your Mac should now be free of adware, browser hijackers, and other malware.
If your current antivirus allowed a malicious program on your computer, you might want to consider purchasing the full-featured version of Malwarebytes Anti-Malware to protect against these types of threats in the future. If you are still experiencing problems while trying to remove a malicious program from your computer, please ask for help in our Mac Malware Removal Help & Support forum.
Scan your phone with Malwarebytes for Android to remove malware
Malwarebytes for Android automatically detects and removes dangerous threats like malware and ransomware so you don’t have to worry about your most-used device being compromised. Aggressive detection of adware and potentially unwanted programs keeps your Android phone or tablet running smooth.
Download Malwarebytes for Android.
You can download Malwarebytes for Android by clicking the link below.
In the Google Play Store, tap “Install” to install Malwarebytes for Android on your device.
When the installation process has finished, tap “Open” to begin using Malwarebytes for Android. You can also open Malwarebytes by tapping on its icon in your phone menu or home screen.
Follow the on-screen prompts to complete the setup process
When Malwarebytes will open, you will see the Malwarebytes Setup Wizard which will guide you through a series of permissions and other setup options. This is the first of two screens that explain the difference between the Premium and Free versions. Swipe this screen to continue. Tap on “Got it” to proceed to the next step. Malwarebytes for Android will now ask for a set of permissions that are required to scan your device and protect it from malware. Tap on “Give permission” to continue. Tap on “Allow” to permit Malwarebytes to access the files on your phone.
Update database and run a scan with Malwarebytes for Android
You will now be prompted to update the Malwarebytes database and run a full system scan.
Click on “Update database” to update the Malwarebytes for Android definitions to the latest version, then click on “Run full scan” to perform a system scan.
Wait for the Malwarebytes scan to complete.
Malwarebytes will now start scanning your phone for adware and other malicious apps. This process can take a few minutes, so we suggest you do something else and periodically check on the status of the scan to see when it is finished.
Click on “Remove Selected”.
When the scan has been completed, you will be presented with a screen showing the malware infections that Malwarebytes for Android has detected. To remove the malicious apps that Malwarebytes has found, tap on the “Remove Selected” button.
Restart your phone.
Malwarebytes for Android will now remove all the malicious apps that it has found. To complete the malware removal process, Malwarebytes may ask you to restart your device.
Your phone should now be free of adware, browser hijackers, and other malware.
If your current antivirus allowed a malicious app on your phone, you may want to consider purchasing the full-featured version of Malwarebytes to protect against these types of threats in the future. If you are still having problems with your phone after completing these instructions, then please follow one of the steps:
Restore your phone to factory settings by going to Settings > General management > Reset > Factory data reset.
The Bottom Line: How to Avoid Falling Victim to the Binance API Linked to Ledger Live Scam
The “Binance API Linked to Ledger Live” scam can be very convincing thanks to the urgency created and professional criminal call centers involved. But with the right knowledge, these fraudsters can be avoided.
Here are some final tips on steering clear of this scam:
Be skeptical of all unsolicited messages – Never call numbers or click links without verifying the source first. Real companies won’t threaten account access via text.
Go directly to the source – If you receive an alarming message about your accounts, open the real app or website to check activity.
Don’t panic – Scammers want you to panic and act without thinking. Stay calm and think before providing any info.
Enable security protections – Use all available account security features like 2FA, address whitelisting, and transaction signing to prevent unauthorized access.
Keep info private – Never provide sensitive account details, passwords or remote access to your devices to anyone who contacts you out of the blue.
Warn others – Share information about new scams targeting the crypto community so fewer people fall victim in the future.
Report scams – File reports about scam texts, emails and calls to help authorities identify and stop criminal organizations before they target more victims.
The Binance API Linked to Ledger Live scam can seem legitimate and urgent in the moment. But armed with knowledge of how these scams operate, crypto traders can keep their accounts and funds safe.
Being vigilant, verifying requests through official channels, and enabling account security protections will stop these fraudsters in their tracks. Spreading awareness is also key, so fewer innocent victims get caught up in the fear and urgency these scammers manufacture.
Stay safe out there by keeping calm, thinking critically, and using common sense when contacted about your accounts. Following security best practices will keep your cryptocurrency safe from even the most convincing and sophisticated scams.
Frequently Asked Questions About the Binance API Linked to Ledger Live Scam
1. How do I know if a text about my Binance API being linked to Ledger Live is a scam?
Any unsolicited text message claiming your Binance API was linked to Ledger Live without authorization should be treated as a scam attempt. Legitimate notifications from Binance would come through the official mobile app, not via text from an unknown number. If the message creates urgency and provides a number to call, it is definitely a scam.
2. What are the red flags of the Binance Ledger Live scam text?
Red flags include:
Originating from an unknown number, not the Binance app.
Claims of “unauthorized” API linkage or account activity.
Words creating urgency like “URGENT” or “Alert”.
A phone number to call to supposedly “remove” the linkage.
Threats that your funds are at risk if you don’t call.
3. What happens if I call the number in the Binance Ledger Live scam text?
The number routes to a scam call center run by fraudsters. They will pretend to be Binance support and use social engineering tactics to try and steal your account credentials, personal information, or get you to install remote access malware. Never call numbers provided in unsolicited texts.
4. Should I be concerned that my Binance account was actually compromised?
The texts are sent en masse to phone numbers. Your account has likely not been accessed unless you called the number and provided login details to the scammers. But do audit account activity directly through the real Binance app/site to be sure.
5. How can I report the scam text to help prevent others from falling victim?
Forward the text to 7726 (spells SPAM) or your provider’s scam reporting number. You can also report to the FTC and Internet Crime Complaint Center to aid law enforcement in tracking the scammers.
6. What should I do if I already called the number and provided information?
Immediately reset your account password on the real Binance site, remove linked devices, enable 2FA, monitor account activity closely, and contact Binance support. Also change other account passwords provided over the call as a precaution.
7. How can I protect my Binance account from this scam moving forward?
Never provide info or install software from unsolicited contacts. Enable all of Binance’s security features like 2FA, address whitelisting, and transaction signing. Be vigilant against phishing attempts and always go directly to the real Binance app/site.
8. How can I spot potentially fraudulent calls, texts, or emails in the future?
Verify the source directly with the company. Be skeptical of any urgency tactics, threats about account access being lost, or requests for sensitive information or passwords. Calls/texts with suspicious numbers are red flags.
9. Where can I learn more about cryptocurrency scams targeting Binance users?
Binance has educational resources warning users about different scam tactics to watch out for. You can also find the latest crypto scams news and alerts from reputable crypto security websites.
How to Stay Safe Online
Here are 10 basic security tips to help you avoid malware and protect your device:
Use a good antivirus and keep it up-to-date.
It's essential to use a good quality antivirus and keep it up-to-date to stay ahead of the latest cyber threats. We are huge fans of Malwarebytes Premium and use it on all of our devices, including Windows and Mac computers as well as our mobile devices. Malwarebytes sits beside your traditional antivirus, filling in any gaps in its defenses, and providing extra protection against sneakier security threats.
Keep software and operating systems up-to-date.
Keep your operating system and apps up to date. Whenever an update is released for your device, download and install it right away. These updates often include security fixes, vulnerability patches, and other necessary maintenance.
Be careful when installing programs and apps.
Pay close attention to installation screens and license agreements when installing software. Custom or advanced installation options will often disclose any third-party software that is also being installed. Take great care in every stage of the process and make sure you know what it is you're agreeing to before you click "Next."
Install an ad blocker.
Use a browser-based content blocker, like AdGuard. Content blockers help stop malicious ads, Trojans, phishing, and other undesirable content that an antivirus product alone may not stop.
Be careful what you download.
A top goal of cybercriminals is to trick you into downloading malware—programs or apps that carry malware or try to steal information. This malware can be disguised as an app: anything from a popular game to something that checks traffic or the weather.
Be alert for people trying to trick you.
Whether it's your email, phone, messenger, or other applications, always be alert and on guard for someone trying to trick you into clicking on links or replying to messages. Remember that it's easy to spoof phone numbers, so a familiar name or number doesn't make messages more trustworthy.
Back up your data.
Back up your data frequently and check that your backup data can be restored. You can do this manually on an external HDD/USB stick, or automatically using backup software. This is also the best way to counter ransomware. Never connect the backup drive to a computer if you suspect that the computer is infected with malware.
Choose strong passwords.
Use strong and unique passwords for each of your accounts. Avoid using personal information or easily guessable words in your passwords. Enable two-factor authentication (2FA) on your accounts whenever possible.
Be careful where you click.
Be cautious when clicking on links or downloading attachments from unknown sources. These could potentially contain malware or phishing scams.
Don't use pirated software.
Avoid using Peer-to-Peer (P2P) file-sharing programs, keygens, cracks, and other pirated software that can often compromise your data, privacy, or both.
To avoid potential dangers on the internet, it's important to follow these 10 basic safety rules. By doing so, you can protect yourself from many of the unpleasant surprises that can arise when using the web.
Thomas is an expert at uncovering scams and providing in-depth reporting on cyber threats and online fraud. As an editor, he is dedicated to keeping readers informed on the latest developments in cybersecurity and tech.
