Altcoins News
By James Thorp
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What Are cbADA and cbLTC?. cbADA and cbLTC are ERC-20 tokens representing wrapped versions of Cardano and Litecoin,…
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Rapid Growth and Adoption. Since their introduction, cbADA and cbLTC have seen rapid adoption. Coinbase reports that over 2.
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Coinbase Issues Fraud Warning. In response to growing community excitement, Coinbase has issued a warning that fraudulent tokens…
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How to Stay Safe. This warning serves as a reminder that security in crypto remains paramount.
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Additional Coinbase reveals. In other Coinbase news, the platform has added Wormhole (W), a Solana-based token, to its roadmap,…
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The Bigger Picture. Coinbase’s move to wrap ADA and LTC and bring them into its Base Layer-2 ecosystem signals a major…
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Coinbase, one of the largest cryptocurrency exchanges in the world, has issued an important alert to Cardano (ADA) and Litecoin (LTC) investors regarding new developments…
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The warning comes in light of the launch of cbADA and cbLTC, wrapped versions of ADA and LTC introduced to provide new utility on Coinbase’s Base network.
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According to the official reveal , these tokens are backed 1:1 with the original assets, meaning for every cbADA or cbLTC token, there is an equivalent amount of ADA or LTC held…
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This initiative is part of Coinbase’s broader effort to improve token utility and expand its ecosystem across various blockchains.
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By allowing ADA and LTC to participate in decentralized finance protocols, the launch offers additional opportunities for holders beyond traditional trading and staking.
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However, this surge in interest has also attracted the attention of malicious actors.
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In response to growing community excitement, Coinbase has issued a warning that fraudulent tokens mimicking cbADA and cbLTC may begin circulating in the market.
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“There may be fraudulent actors pretending to be cbADA and cbLTC,” Coinbase stated in a recent alert to users.
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To assist users, Coinbase published the official Base contract addresses for cbADA and cbLTC and encouraged investors to double-check this information before trading or adding…
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