CoinMarketCap has issued an urgent warning to the crypto community, denying the existence of any official ‘CMC Token’ and cautioning users against a surge in fake token promotions and impersonation scams. The platform stated unequivocally, ‘CoinMarketCap does NOT have a Token/Coin,’ and labeled all related promotions as ‘Fake/Scam’.
The warning came as fraudsters increasingly exploit the trusted CoinMarketCap brand to deceive investors. Scammers have been circulating social media posts, messages, and ads claiming that the platform launched a token, while also posing as company representatives through fake phone calls, private messages, and customer support claims. CoinMarketCap clarified that it has no phone number and will never call users, urging anyone encountering such schemes to report them and verify via official support channels.
This alert fits a broader pattern of phishing and impersonation attacks plaguing the crypto industry. The platform previously warned that fake accounts using names and photos of former contributors had contacted projects to list tokens, often using fake emails, domains, and even video calls. Similar patterns have been reported across the sector: in January, MetaMask users were targeted by a fake 2FA verification email designed to steal seed phrases, and overall phishing losses exceeded $46.8 million across over 57,000 incidents in February 2024. Binance also blocked 22.9 million phishing attempts in Q1 2026 alone.
CoinMarketCap reiterated that employees will never ask for personal information or direct payments. Users are strongly advised to avoid unknown token offers and to verify any communication that appears to come from the company.
