Fake platform impersonates Circle, targets crypto users on Christmas eve
Earlier today Christmas Eve, the crypto community collectively fell for what turned out to be a press release distributed to spread the false claim that Circle, the issuer of the USDC stablecoin, had launched a new platform offering tokenized gold and silver trading.
The announcement, which used authentic Circle branding and fabricated quotes from company executives, has been confirmed as fake by the company.
The platform called itself CircleMetals, a name that could confuse users into assuming it was Circle, and its offerings, which were tokenized precious metals, made it an elaborate scam arrangement, as Circle has danced around the idea of bringing metals to the market.
The fraudulent release discussed a service that enabled…
