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TechFlow reported on March 25 that Binance founder CZ warned users about many scammers creating fake tokens using the name "USD1." The official USD1 token has not yet launched on any exchange, and he urged users to stay vigilant to avoid being defrauded.
Previously, CZ welcomed USD1, a stablecoin launched by Trump Family's crypto project WLFI, to join BNB Chain, noting that according to BSCScan data, its smart contract had been deployed 20 days prior.
Binance founder CZ warned users that many scammers are creating fake tokens using the name "USD1." The official USD1 token has not yet launched on exchanges, and he urged users to stay vigilant to avoid being defrauded. Previously, CZ welcomed USD1, the stablecoin launched by Trump family-backed crypto project WLFI, to join BNB Chain, noting that according to BSCScan data, its smart contract had been deployed 20 days earlier.
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