Fake JD stablecoins, scammers impersonate Solana devs: Asia Express
JD.com Warns Against Fake Stablecoin Scams Targeting Indian Investors
E-commerce giant JD.com has issued a warning to the public regarding fraudulent schemes offering access to purported JD-linked stablecoins. These scams are particularly targeting investors in Asia, including India, where interest in cryptocurrency investments remains high.
JD.com Denies Stablecoin Partnership, Warns of Impersonation
JD.com clarified through an official statement on Weibo that it has not partnered with any entities to launch a stablecoin. The company specifically addressed claims suggesting a collaboration with its Hong Kong subsidiary, JD CoinLink. The statement emphasized that JD.com has not issued a stablecoin and has no current partnerships for such a venture.
Scammers Offer Phony Rewards in Exchange for Sign-Ups
According to reports circulating on WeChat, fraudulent campaigns are luring users with the promise of substantial rewards. These scams offer up to 5,000 “JD.com stablecoins” simply for signing up, with additional incentives for referring friends. Investors are urged to exercise extreme caution and avoid engaging with these deceptive platforms.
- Be wary of offers that seem too good to be true.
- Always verify claims made by cryptocurrency platforms through official sources.
- Never share personal or financial information with unverified entities.
- JD.com clarifies it has not launched a stablecoin.
- Scammers are using the JD.com name to promote fake stablecoin schemes.
- Indian investors are urged to be cautious and verify claims before investing.
- The Indian cryptocurrency market is a target for sophisticated scams.
- Official announcements from companies are crucial for verifying legitimacy.
- Due diligence is essential when considering cryptocurrency investments, especially with new or unfamiliar projects.
- Fraudulent schemes often leverage well-known brand names to gain credibility.