CoinMarketCap has announced fraudulent schemes involving token counterfeits and warned users against investing in non-existent assets.
No Such Thing as a CMC Token
CoinMarketCap has reiterated that it has never issued a native cryptocurrency. The company emphasized that any listing or promotion suggesting the existence of such a token is fraudulent. The platform urged traders to ignore such offers and report suspicious activities.
Impersonation Attempts
In addition to fake tokens, scammers have also attempted to impersonate CMC staff to reach unsuspecting users directly. The company clarified that it does not provide a public phone number and would never contact investors via cold calls. Any such outreach should be treated as a scam.
Rise of Scam Schemes in the Crypto Industry
CoinMarketCap's warnings are particularly relevant as scammers increasingly leverage trusted names in the industry to deceive new and seasoned traders. The platform advises the community to remain vigilant and verify all promotions.
CoinMarketCap continues to work on informing users about the risks of fraud and urges caution in light of the growing attempts of deception in the crypto industry.
