- Circle’s Chief Strategy Officer Dante Disparte’s Twitter account announces a one time USDC bonus for holders, experts consider it suspicious.
- Recent tweets by Disparte thank USDC users for their continued trust in the stablecoin, while USD Coin price holds steady at $1.
- Experts on crypto Twitter urge USDC holders to stay away from the likely scam and avoid clicking on the link.
Circle’s stablecoin USD Coin (USDC) made headlines with its depeg after the collapse of the Silicon Valley Bank. Since then the stablecoin has recovered from its price drop and re-established its $1 peg.
Earlier today, Circle’s Chief Strategy Officer Dante Disparte announced a one time USDC bonus for users. The link shared in the tweet thread leads users to a page with a call to action to “Get USDC.”
Also read: These altcoins could yield massive gains after Cardano and XRP prices rally this alt season
Is Circle giving away USDC bonus to holders?
From Circle CSO Dante Disparte’s tweet it may seem that the firm is giving away free USDC to its holders as a bonus. However, digging deeper raised suspicion among experts and influencers on crypto Twitter.
While Disparte’s tweet affirms USDC’s price stability and thanks holders for their continued support, the link shared redirects users to a page that urges them to click on “Get USDC.”
Circle’s official website and social media handles have mentioned the re-establishment of USD Coin’s $1 peg and addressed the decline in the stablecoin’s price. However, there is no mention of a giveaway or bonus for holders.
Tweet announcing giveaway
Analysts and experts on crypto Twitter reacted to the tweet and asked traders to stay away from the unconfirmed USDC giveaway. There is no official confirmation or a statement from Circle yet, therefore the USDC bonus/ giveaway scheme could be a scam.
Crypto Twitter response
Update: Circle confirms USDC giveaway was a scam
Circle shed light on the mysterious USD Coin giveaway and tweeted to affirm that the bonus giveaway was indeed a scam.
This Twitter account (@ddisparte) has been taken over by a scammer. Any links to offers are scams. We are investigating the situation and taking action accordingly.
— Circle (@circle) March 22, 2023
The firm is set to take legal action against the scammer once identified.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin price could retrace to $42,000 if US Nonfarm Payroll comes in at 180,000
Bitcoin price just like other assets, is highly impacted by the macro-financial developments. This includes the Nonfarm Payrolls (NFP) report released by the BLS of the United States. This time around, the NFP data is expected to cause a dip in the value of BTC.
Ripple is now only 3% away from becoming a bigger entity than Binance Coin
Ripple has overcome a lot of obstacles on its way to becoming the world’s fifth-largest cryptocurrency, as witnessed by the recent rise in XRP price. The native token of the world’s biggest crypto exchange, Binance Coin, on the other hand, has been moving in the opposite direction.
Ethereum leads altcoins north as Bitcoin halts amid bull trap fears
Ethereum (ETH) price remains northbound, unrelenting despite the king of cryptocurrency, Bitcoin, showing weakness. Behavior analytics tool Santiment observes that Ether and altcoins are on a tear even as BTC momentum fades.
BTC headstrong as Spot ETF talks reach technical stage
Bitcoin remains steadfast on the higher timeframe, amid news that spot BTC exchange-traded funds (ETF) discussions are now at the technical stage of approval. Specifically, talks with Spot BTC ETF issuers have advanced to key technical details, with Reuters indicating that it could signal a shift toward a potential approval.
Bitcoin Weekly Forecast: BTC uptrend capped by supply barrier at $43,860 as FOMO fails to suffice
Bitcoin (BTC) price uptrend has sustained since mid-September on the weekly timeframe but has since slowed down following the lack of tailwinds to drive the market. All along, narratives, themes and speculation were the driving factors, inspiring a wave of fear of missing out (FOMO) in the market. As it turns out, FOMO is not enough anymore.