Web3🌟
What to know:
- A counterfeit missive, cloaked in the guise of legitimacy, proclaimed that Circle, the venerable issuer of USDC, had unveiled a novel platform called CircleMetals, offering tokenized gold and silver trading. 🧙♂️
- The release, distributed on Christmas Eve-a date when the world is half-asleep and crypto enthusiasts are sipping eggnog-used Circle branding and quoted executives, only to be debunked by the company as a farcical fabrication. 🎄
- The fake platform, a gilded cage of promises, appears to be a scam, with links to a swap platform and rewards, but no evidence of actual gold or silver tokens. 🕯️
A press release published on Christmas Eve, the holiest of holy days for crypto scammers, claimed that Circle, the issuer of the USDC stablecoin, had launched a new platform offering tokenized gold and silver trading. 🎁
However, it is “fake,” a Circle spokesperson told CoinDesk, their voice trembling with the weight of existential dread. 🤯
The platform, launched under the name CircleMetals, was promoted through a press release distributed on Dec. 24, a date when U.S. businesses are as active as a sleeping bear. 🐻
The release described a new service enabling 24/7 swaps between USDC and purported gold (GLDC) and silver (SILC) tokens, supposedly backed by COMEX-linked liquidity. Oddly, it prompted users to swap on the platform and receive “1.25% in $CIRM rewards.” CoinDesk couldn’t verify the said CIRM token, which doesn’t appear to be listed on major data aggregators. 🕵️♂️
The website asks users to connect their wallets to enable their ability to swap for the supposed precious metals tokens. It is generally considered a bad idea to connect wallets directly to unverified websites, as malicious actors can then drain user wallets. 🐺
The release even used Circle branding and claimed to quote executives, including CEO Jeremy Allaire. 🧵
“Confirmed this is not real,” a spokesperson told CoinDesk when asked, their patience worn thin. 🤷♂️
The press release announcing the product, distributed via a crypto-focused PR wire, includes links to what appears to be a swap platform that allows users to connect their addresses and offers rewards for swaps of the supposed tokenized gold and silver tokens. 🧾
The PR firm that originally listed the press release, ChainWire, declined to comment. 🤐
While the website remains live, there is no evidence to suggest that GLDC or SILC tokens exist or that any legitimate financial institution is involved. 🧊
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2025-12-24 22:19