CoinMarketCap Warns Users About Fake CMC Token Scam

Tech

CoinMarketCap Warns Users About Fake CMC Token Scam

The company confirmed it has never launched an official token or coin and said all such promotions are scams. CoinMarketCap also warned about impersonators using fake accounts, emails, messages, and branded links to target users. The alert comes amid growing phishing activity in the crypto sector.

Crypto Users Warned Over Fake CoinMarketCap Coin

CoinMarketCap issued a fresh to crypto users after scammers began promoting fake “CMC Tokens” and falsely claiming they were connected to the popular cryptocurrency tracking platform. The company made it clear that it has never launched an official token or coin and warned users that any project or advertisement suggesting otherwise should be treated as a .

According to CoinMarketCap, fraudsters are using social media posts, advertisements, direct messages, and fake promotions to trick users into believing that the platform is introducing its own cryptocurrency. The company directly stated that “CoinMarketCap does NOT have a Token/Coin” and any promotion involving a so-called CMC token is fake.

CoinMarketCap also more details about the growing issue of impersonation scams in the crypto industry. The company explained that scammers have been pretending to represent CoinMarketCap by contacting users through fake accounts, , and messages.

In another public notice, the platform reminded users that it does not operate through phone calls and has no official support phone number. Users were advised to contact official support channels whenever they are uncertain about suspicious communication.

The platform dealt with similar scams in the past. CoinMarketCap previously that fake accounts impersonated former contributors and staff members in attempts to deceive crypto projects and users. Some scammers reportedly used fake domains, branded scheduling links, and even video calls to appear legitimate.

and social engineering scams have been plaguing the cryptocurrency market. Security firms and exchanges repeatedly warned that cybercriminals are becoming more sophisticated in the way they target crypto users. Binance security data recently revealed that close to 23 million phishing attempts were blocked during the first quarter of 2026 alone.