Circle Warns About Scammers Baiting USDC Users

Circle, the company behind USDC stablecoin, has issued a warning about an active phishing campaign attempting to trick users into forwarding tokens to malicious addresses.

According to Tweeterthreat actors posing as working for Center, which is a consortium founded by Coinbase and Circle.

Declaration of the Circle

Circle said there is no new version of the USDC token in the market and urged users not to fall for the scam.

“PSA WARNING: An active phishing campaign is trying to trick users into forwarding #USDC tokens to malicious addresses. please don’t fall into the trap.

Circle CEO and Founder Jeremy Allaire recently wrote to congressional leaders for financial services, calling for clear and workable stablecoin legislation in the US, while warning that failure to do so will bring more risk to the market. country.

Persistent Phishing Scams

Phishing activity, on the other hand, played a prominent role during the bear market. The latest development emerges just days after a phishing campaign was detected to bypass multi-factor authentication and gain access to accounts on crypto exchanges such as Coinbase, MetaMask,, and KuCoin and siphon off crypto-assets.

According to BleepingComputer, the scammer’s entities abused the Microsoft Azure Web Apps service to host a network of phishing sites and lure victims there via phishing messages posing as fraudulent transaction confirmation requests or detecting fraud. suspicious activities.

More recently, a poorly made “deep fake” video by Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has been making the rounds on Twitter, attempting to scam users affected by the exchange’s bankruptcy.

Additionally, blockchain security expert CertiK has revealed in a new report that a large group of professional “Know Your Customer (KYC)” actors are employed by dodgy blockchain developers and scammers to scam customers. crypto investors.

The actors in question are completing the KYC process on behalf of scam project owners to want to gain the trust of the crypto community before running a raffle.

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