Crypto Scams Rise as Phony Token Promos Target Traders

The rise of crypto scams is causing alarm, prompting CoinMarketCap to issue repeated warnings and protect users. The company emphasized that it doesn’t have its own token, and any promotional offers for so-called ‘CMC-Tokens’ are fraudulent. This latest alert follows similar warnings issued on July 25th and August 6th, highlighting the seriousness of this ongoing problem. CoinMarketCap also reminded the community to be vigilant against impersonators and not engage with unsolicited calls or communications. They emphasize their official communication channels are only through verified platforms such as X (@CoinMarketCap).