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Scam Alert: Circle Warns About Phishing Campaign

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Fri, 25/11/2022 - 7:35
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.

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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. 

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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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