CoinMarketCap warns users over fake CMC token scam

CoinMarketCap has warned crypto users that it has not launched any official token or coin. 

The platform said any promotion for “CMC Tokens” should be treated as fake and likely part of a scam.

The warning targets users who may see social media posts, messages or ads claiming that CoinMarketCap has issued a token. The platform’s message was direct: “CoinMarketCap does NOT have a Token/Coin.” It also said any CMC token promotion is “Fake/Scam.”

CoinMarketCap also warned users about people pretending to represent the company. In a separate notice, it said CMC has no phone number and will never call users. It advised users to contact official support when they have doubts.

The company has warned about impersonators before. In its own safety guide, CoinMarketCap said employees will never ask users for personal information or direct payments. It also asked users to report fake staff, fake listings requests and suspicious chats with proof such as transaction IDs or usernames.

Fake brand schemes target trust

Scammers often use known crypto brands to build quick trust. CoinMarketCap previously said fake accounts had used the names and photos of former contributors to contact crypto projects. Some schemes used fake emails, fake domains, branded Calendly links and video calls to appear real.

Crypto.news has reported similar patterns across the sector. In January, MetaMask users were targeted by a fake 2FA verification email that sent victims to a fake page and tried to steal seed phrases. The scam used urgency and branding to push users into acting fast.

Scam warning comes as phishing remains active

The broader crypto market remains a target for phishing and social media impersonation. Crypto.news previously reported that users lost more than $46.8 million in February 2024 across over 57,000 phishing incidents, with fake accounts on X sending victims to malicious sites.

Recent security coverage also shows the scale of the problem. A crypto.news report cited Binance security data showing 22.9 million phishing attempts blocked in the first quarter of 2026. CoinMarketCap’s latest warning adds another reminder for users to verify links, avoid unknown token offers and ignore anyone claiming CMC has launched a coin.