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Scam Warning: Circle Phishing Campaign Promises Fake USDC DeFi Swap

A phishing campaign falsely promising access to a new USDC DeFi trading platform emerged on social media on March 16.

The false blog post promoting the swap platform is located at http-circle-dot-blog, while the false trading platform is located at http-circledefi-dot-center.

The fraudulent platform supposedly allows users to trade Circle’s USDC stablecoin for Tether’s competing USDT stablecoin and touts a supposed partnership with TRON DAO. Its interface appears to be based on the legitimate DeFi platform Raydium.

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