Security Alert: Fraudulent 'CircleMetals' Platform Impersonating Circle – Users Must Stay Away

2025-12-24 22:21:55

Source: CryptoNewsNet Original Title: Beware: A Fake Cryptocurrency Exchange Platform Has Emerged – Users Should Stay Away Original Link: A press release published recently claimed that Circle, the issuer of the USDC stablecoin, has launched a new platform called “CircleMetals” offering tokenized gold and silver trading. However, according to a statement from the company, these claims are untrue.

The fraudulent press release claimed that the platform offered 24/7 swap between USDC and so-called gold (GLDC) and silver (SILC) tokens, with transactions supported by COMEX-linked liquidity. It also asserted that users would earn a “1.25% CIRM reward” for swapping. However, the CIRM token in question was not listed on major data platforms and could not be verified.

The website used in the press release invites users to connect their wallets. Security experts warn that connecting wallets to unverified sites could lead to malicious actors draining assets. The fraudulent press release features Circle branding and quotes executives, including CEO Jeremy Allaire.

The company’s clear statement confirmed: “It has been confirmed that this is not true.” While the site remains accessible, there is no credible evidence of the existence of the GLDC and SILC tokens, or of any legitimate financial institution being involved in the project.

Users should exercise extreme caution and avoid connecting their wallets to unverified platforms.

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