CoinMarketCap Alerts Users to Fake Token Schemes

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.

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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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