One of the crypto industry’s most widely used data platforms has sounded the alarm over a new wave of scams.
Fraudsters have been promoting counterfeit tokens under the CoinMarketCap (CMC) brand, luring investors with claims of an official “CMC token” that doesn’t exist.
No Such Thing as a CMC Token
In a statement on its official X account, the platform reminded its global audience that it has never issued a native cryptocurrency. Any listing or promotion that suggests otherwise, it warned, is a clear attempt at fraud. CoinMarketCap urged traders to ignore such offers and report suspicious activity to its team.
Impersonation Attempts on the Rise
Alongside fake tokens, con artists have also been posing as CMC staff to reach unsuspecting users directly. The company emphasized that it does not provide a public phone number and would never cold-call investors. Anyone receiving such outreach should treat it as a scam and verify details through official communication channels.
CoinMarketCap’s warnings come at a time when scammers are increasingly leveraging trusted names in the industry to exploit market newcomers and even seasoned traders. The platform encouraged the community to stay cautious and double-check all promotions, stressing that vigilance remains the strongest defense against these schemes.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/coinmarketcap-alerts-users-to-fake-token-schemes/