‘Circle Swap’ scam exploits USDC depeg fears, drains ether from wallets
A new scam appears to allow users to avoid the risk of a USDC depeg, but instead it drains the wallet of unsuspecting victims.
Cryptocurrency news by Protos · Protos
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Show Notes
Anxious traders looking to swap Circle’s stablecoin USDC should look out for scams.
Indeed, scammers have been pretending to be a legit swap market called ‘circle swap,’ when, in reality, ether was being drained from victims’ wallets.
Listen to how Tuesday’s attackers created a convincing mock-up using Circle’s name and a fake partnership in the hope of luring USDC holders in.
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