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    Fake Coins Warning: Coinbase’s Alert on cbADA and cbLTC…

    Sam Boolman | Crypto Enthusiast and WriterBy

    Crypto Giant Cautions About Fake Coins

    Coinbase, a leader in the American cryptocurrency market, has released an important cautioning to those holding Cardano (ADA) and Litecoin (LTC) due to the recently introduced wrapped cbADA and cbLTC coins on the Base Layer-2 network. Launched on June 26, 2025, these coins have rapidly gained traction.

    To maintain transparency, Coinbase assured a 1:1 reserve for each wrapped coin but also warned about potential fraudulent contract addresses, advising users to only use official links provided in their statement. Coinbase has specifically highlighted the risks associated with “fake coins” by sharing verified contract addresses for cbADA and cbLTC through the Base explorer.

    Coinbase recommends investors verify contract codes directly to avoid falling for promises of inflated returns.

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    Sam Boolman | Crypto Enthusiast and Writer

    Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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