Crypto World Reacts: Binance CEO Drops Truth Bomb on DYOR, Scams, and Security!

Richard Teng, the man who steers the colossal Binance ship, has deigned to impart a message—a message both cryptic and direct—for those who dare enter the chaotic realm of cryptocurrency. In a single, tweet-sized utterance, Teng cautioned: “DYOR. Always verify, never assume. In crypto, knowledge equals security. Stay informed, stay safe.” Ah, how profound. How terribly profound.

The phrase “DYOR” — “Do Your Own Research” — has long been the battle cry of crypto enthusiasts, yet Teng’s emphasis is a reminder that this mantra has become something of a lifeline. Why? Because in this era of rising scams, twisted misinformation, and the ceaseless hum of speculative noise, your research is the only thing standing between you and financial oblivion.

But what does it all mean? Essentially, Teng is waving a flag of caution, asking us to stop being lazy. It’s a call to arms against ignorance. As the crypto universe expands in all its reckless glory, deceitful actors and false narratives run rampant. You don’t want to be their next prey, do you?

Ah, education—the first line of defense. The most precious tool, wrapped in the grand irony that those who are supposed to be ‘experts’ in the space often fall for the same scams they warn against. Knowledge equals security, he says. But will anyone listen? Or will they continue blindly hurling themselves into the crypto abyss?

Teng’s message, although brief, is a reality check. It’s not some vague idealism but a hard pill wrapped in a simple truth. It’s the equivalent of a sobering slap across the face. So go on, educate yourself, or risk being another casualty in this wild west of digital currency.

Binance’s Recent “Innocent” Updates

Oh, and in case you thought the rollercoaster ride was over, let’s talk about Binance’s “recent updates.” The SEC, in all its glory, has finally abandoned its complaint against Binance and its founder, Changpeng Zhao. Yes, you heard that right. The once-menacing case, which accused Binance of inflating trade volumes, diverting customer funds, and misleading investors about surveillance controls, has been dismissed. With prejudice, no less. The SEC can’t even bring it back. Not that it ever stood a chance, right?

But that’s not all. Binance Japan, in an act of undeniable brilliance, has clinched the widely recognized ISO/IEC 27001 and ISO/IEC 27701 certifications. These prestigious honors speak to their world-class security and privacy standards. In case you’re wondering, ISO/IEC 27001 means they govern information security like pros, and ISO/IEC 27701 means they manage privacy information so well, it’s practically a work of art.

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2025-06-02 17:03