Cryptocurrency news by Protos

‘Circle Swap’ scam exploits USDC depeg fears, drains ether from wallets


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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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Cryptocurrency news by ProtosBy Protos