Circle warns of scams and phishing campaigns
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Answer Circle warns of scams and phishing campaigns
Circle, the dollar-based stablecoin (USDC) issuer, has warned of an active phishing campaign whose organizers are attempting to lure users into sending their cryptocurrencies to malicious addresses.
Scammers pretend to work for Center, a consortium founded by Coinbase and Circle, claiming to be a new version of the stablecoin.
Circle says all of the messages urging users to migrate their cryptocurrencies are fake.
USDC is the second largest stablecoin with a total market capitalization of $44 billion, according to CoinGecko data.
In a recent letter to congressional leaders, Circle CEO and founder Jeremy Allaire called for clear US legislation on stablecoins.
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