Tuesday, March 21, 2023
Crypto Marketcap
No Result
View All Result
Logo
  • Home
  • Bitcoin
  • Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
    • Crypto Mining
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Regulations
  • Scam Alert
  • Analysis
Logo
  • Home
  • Bitcoin
  • Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
    • Crypto Mining
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Regulations
  • Scam Alert
  • Analysis
No Result
View All Result
World News Crypto
Home Scam Alert

Circle phishing campaign promises fake USDC DeFi swap

by info@thecryptocasino.com
March 18, 2023
in Scam Alert
Reading Time: 2 mins read
A A
0
Circle phishing campaign promises fake USDC DeFi swap
Share on FacebookShare on Twitter


A phishing marketing campaign falsely promising entry to a brand new USDC DeFi buying and selling platform emerged on social media on March 16.

Faux USDC buying and selling platform emerges

The false weblog publish selling the swap platform is situated at http-circle-dot-blog, whereas the false buying and selling platform is situated at http-circledefi-dot-center.

The fraudulent platform supposedly permits customers to commerce Circle’s USDC stablecoin for Tether’s competing USDT stablecoin and touts a supposed partnership with TRON DAO. Its interface seems to be based mostly on the respectable DeFi platform Raydium.

It’s unclear how a lot cash has been despatched to the fraudulent service.

Reddit primarily unfold the phishing website. Although it didn’t attain /r/cryptocurrency, it was shared on /r/USDC and roughly 20 different subreddits.

Apparently, the scammer initially tried to achieve traction on /r/Buttcoin, the place they attracted quite a few feedback. The scammer could have hoped that the subreddit’s skepticism towards crypto would lead commenters to miss the specifics of the fraud.

A Circle spokesperson confirmed to CryptoSlate that the above web sites are fraudulent however declined to say what motion it will take. The corporate has additionally pinned a latest tweet suggesting that customers be “vigilant for scammers and fraudsters with faux accounts.”

Circle’s USDC stablecoin stays robust

Circle’s official weblog, situated at www.circle.com/weblog, was final up to date on March 15 and made no point out of the DeFi product in its newest replace.

The rip-off appears to be an try and capitalize on USDC’s restoration following its lack of parity with the U.S. greenback. USDC depegged following the closure of Silicon Valley Financial institution, and its worth fell as little as $0.88 on March 11 earlier than returning to $1.00 on March 13.

Throughout that restoration, Circle labored to strengthen USDC by stating that it was clearing backlogs and forming new banking preparations.

These optimistic developments have been alluded to within the faux bulletins, which tried to painting the DeFi Swap as one among Circle’s makes an attempt to strengthen its product.

Posted In: Scams, Stablecoins



Source link

Tags: campaigncircleDefiFakePhishingPromisesswapUSDC
Previous Post

BNB Whales Dump Millions Of BUSD, Here’s What They Are Buying

Next Post

Is Ether a Security?

Related Posts

ZachXBT bids adieu to crypto community requests
Scam Alert

ZachXBT bids adieu to crypto community requests

March 10, 2023
DeFi platforms lost over $21M to hackers in February: DefiLlama data
Scam Alert

DeFi platforms lost over $21M to hackers in February: DefiLlama data

March 8, 2023
Binance launches anti-scam campaign in collaboration with law enforcement agencies
Scam Alert

Binance launches anti-scam campaign in collaboration with law enforcement agencies

March 6, 2023
Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%
Scam Alert

Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%

March 14, 2023
SEC charges former FTX official Nishad Singh
Scam Alert

SEC charges former FTX official Nishad Singh

March 4, 2023
New York Attorney General sues CoinEx over failure to register
Scam Alert

New York Attorney General sues CoinEx over failure to register

February 24, 2023
Next Post
Is Ether a Security?

Is Ether a Security?

Outer Edge (Formerly NFT LA) Starts Next Week!

Outer Edge (Formerly NFT LA) Starts Next Week!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at World News Crypto.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
    • Crypto Mining
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Regulations
  • Scam Alert
  • Analysis

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$28,254.000.71%
  • ethereumEthereum(ETH)$1,802.862.13%
  • USDEXUSDEX(USDEX)$1.080.90%
  • tetherTether(USDT)$1.01-0.39%
  • binancecoinBNB(BNB)$339.860.45%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.47727825.63%
  • cardanoCardano(ADA)$0.37125610.37%
  • dogecoinDogecoin(DOGE)$0.0772397.00%