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Scam Alert: Circle Warns About Phishing Campaign

Fri, 11/25/2022 - 07:35
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Alex Dovbnya
Scammers are trying to trick USD Coin (USDC) users into transferring their tokens to malicious addresses
Scam Alert: Circle Warns About Phishing Campaign
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Circle, the issuer of the USD Coin (USDC) stablecoin, has warned about an active phishing campaign whose organizers are trying to lure users into sending their tokens to malicious addresses.

The fraudsters are pretending to work for Centre, a consortium founded by Coinbase and Circle, claiming that there is a new version of the stablecoin. 

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Circle says that all of the messages that are urging users to migrate their tokens are fake. 

USDC is the second-largest stablecoin with a total market cap of  $44.1 billion, according to CoinGecko data.

In a recent letter to Congressional leaders, Circle CEO and founder Jeremy Allaire called for clear U.S. legislation on stablecoins. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at