Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warning
Binance warns users about fraudulent $150 reward claims as it resumes withdrawals across 15 networks.
Binance warns users about fraudulent $150 reward claims as it resumes withdrawals across 15 networks. Bitcoin (BTC) is trading at $77,835.00. This is an original TLT brief based on reporting by Blockonomi, with live market data added, as of Sun, 01 Nov 2026 22:00:04 UTC.
The incident highlights ongoing security challenges for crypto exchanges and the need for vigilance against social engineering attacks. It also underscores the importance of transparent communication during service disruptions.
- Binance warns of fake $150 reward scam circulating on social media
- Withdrawals resumed across 15 networks including Bitcoin and Ethereum
- No compensation for previous withdrawal suspension
- Market cap: $2.68T; BTC +0.53% to $37,857; ETH +0.48% to $2,262
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- Binance Resumes USDT and USDC Withdrawals After Brief Halt
- Binance Resumes Solana Token Withdrawals After Security Incident
- Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warning — this brief
Binance has issued a warning to users about a fraudulent scheme claiming they can receive $150 in rewards. The exchange stated that no such cash voucher campaign is currently active, and users should be wary of fake screenshots circulating on social media.
In addition to the scam warning, Binance's Chief Marketing Officer Yi He clarified that proposed community rewards are still awaiting regulatory approval. The exchange's Head of Strategy, Eowyn Chen, also denied any plans for compensation related to the recent withdrawal suspension.
The announcement comes as Binance has resumed withdrawals across 15 different networks, including major cryptocurrencies like 
Bitcoin and 
Ethereum. This move follows a period of service disruption that had raised concerns among users.
The broader crypto market remains relatively stable, with a total market cap of $2.68 trillion. Bitcoin is up 0.53% to $37,857, while Ethereum has gained 0.48% to $2,262 over the past 24 hours. The Fear & Greed Index currently stands at 34, indicating a 'Fear' sentiment in the market.
This incident highlights the ongoing challenges crypto exchanges face in maintaining security and user trust. As Binance continues to navigate these issues, users are advised to remain vigilant and verify information through official channels.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $77,857.00 to $77,835.00 — -0.03%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦107.20M (about $77,835.00), up 0.4% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 1, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Binance Resumes Withdrawals Amid Fake $150 Reward Scam Warni — questions & answers
What is the $150 reward scam on Binance?
Fraudulent posts claim users can receive $150 in rewards, but Binance denies any such campaign exists.
When did Binance resume withdrawals?
Withdrawals resumed across 15 networks, including Bitcoin and Ethereum, but specific timing was not provided.
Is Binance offering compensation for the withdrawal suspension?
No, Binance has explicitly denied plans for compensation related to the withdrawal suspension.
How much is 1 Bitcoin worth in naira today?
About ₦107.20M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $77,835.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.