{"id":92659,"date":"2025-12-25T20:30:22","date_gmt":"2025-12-25T17:30:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92659"},"modified":"2025-12-25T20:35:12","modified_gmt":"2025-12-25T17:35:12","slug":"circle-denies-involvement-with-circlemetals-tokenization-platform","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-denies-involvement-with-circlemetals-tokenization-platform\/","title":{"rendered":"Circle Denies Involvement with CircleMetals Tokenization Platform"},"content":{"rendered":"<p>On December 24th, a fake press release circulated online, claiming the launch of a new Circle project called CircleMetals for trading <a href=\"https:\/\/forklog.com\/en\/news\/what-are-tokenised-assets\">tokenized<\/a> gold and silver.<\/p>\n<p>In a conversation with <a href=\"https:\/\/www.coindesk.com\/web3\/2025\/12\/24\/circle-platform-promising-tokenized-gold-silver-swaps-is-fake-company-says\">CoinDesk<\/a>, representatives of the USDC co-issuer confirmed that the information was false. <\/p>\n<p>CircleMetals purportedly allowed the exchange of stablecoins for digital versions of precious metals. Users were enticed with rewards in a non-existent native token for interacting with the platform. <\/p>\n<p>The publication &#8220;quoted&#8221; Circle CEO Jeremy Allaire and other company executives.  <\/p>\n<p>The press release also included a link to a website where users could immediately connect their wallets. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"518\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-30e5ec20bfd1d9fc-1894627350932614-1024x518.png\" alt=\"image\" class=\"wp-image-272575\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-30e5ec20bfd1d9fc-1894627350932614-1024x518.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-30e5ec20bfd1d9fc-1894627350932614-300x152.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-30e5ec20bfd1d9fc-1894627350932614-768x388.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-30e5ec20bfd1d9fc-1894627350932614-1536x776.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-30e5ec20bfd1d9fc-1894627350932614.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Screenshot of the CircleMetals website. Source: CoinDesk.<\/figcaption><\/figure>\n<p>The article with the fake announcement was initially published on the Circle community forum but was quickly removed. It then appeared on other websites, including the corporate resource Chainwire.<\/p>\n<p>At the time of writing, all materials related to CircleMetals, including the website, are unavailable.<\/p>\n<p>The Circle team issued a separate post warning about increased scammer activity during the holiday season. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Holiday PSA: &#8216;Tis the season for scammers.<\/p>\n<p>Please be alert and vigilant \u2014 verify the legitimacy of requests before taking action, especially when asked to connect your wallet. When in doubt, double-check.<\/p>\n<p>Major announcements about Circle products will always be posted to\u2026<\/p>\n<p>\u2014 Circle (@circle) <a href=\"https:\/\/twitter.com\/circle\/status\/2003911712148541572?ref_src=twsrc%5Etfw\">December 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Please be alert and vigilant \u2014 verify the legitimacy of requests before taking any action, especially when asked to connect your wallet. When in doubt, double-check,&#8221; the message reads.<\/p>\n<\/blockquote>\n<p>Back in November, criminals <a href=\"https:\/\/forklog.com\/en\/news\/hackers-exploit-australian-cyber-police-service-to-steal-cryptocurrency\">used<\/a> a public channel to contact Australia&#8217;s cyber police to scam local citizens out of digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 24th, a fake press release circulated online, claiming the launch of a new Circle project called CircleMetals for trading tokenized gold and silver.<\/p>\n","protected":false},"author":1,"featured_media":92660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"Fake press release claimed Circle launched CircleMetals for tokenized gold and silver trading.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,44,1246],"class_list":["post-92659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-cybercrime","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"136","promo_type":"","layout_type":"","short_excerpt":"Fake press release claimed Circle launched CircleMetals for tokenized gold and silver trading.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92659"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92659\/revisions"}],"predecessor-version":[{"id":92661,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92659\/revisions\/92661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92660"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}