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Reading: Security Alert: CoinMarketCap Identifies And Eliminates Rogue Wallet Scam
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The cryptonews hub > Blog > Market > Security Alert: CoinMarketCap Identifies And Eliminates Rogue Wallet Scam
Market

Security Alert: CoinMarketCap Identifies And Eliminates Rogue Wallet Scam

Crypto Team
Last updated: June 22, 2025 5:40 am
Crypto Team
Published: June 22, 2025
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wp header logo 765 Security Alert: CoinMarketCap Identifies And Eliminates Rogue Wallet Scam

According to CoinMarketCap’s post on its official X account, the popup was not part of any planned update. Based on reports from users on social media, it asked visitors to connect their wallets and approve ERC‑20 token transactions. That kind of prompt can lead to wallet theft or unwanted transfers if people click through. CoinMarketCap warned everyone not to connect their wallets until the issue was fixed.

Update: We’ve identified and removed the malicious code from our site.

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Our team is continuing to investigate and taking steps to strengthen our security.

This isn’t the first time CoinMarketCap has faced a breach. Back in October 2021, hackers stole over 3 million email addresses from the site. Those emails later appeared on hacking forums and were flagged by Have I Been Pwned. Now, almost four years later, a new attack vector—injecting code rather than stealing data—shows how threats keep changing.

CoinMarketCap said its team is “continuing to investigate and taking steps to strengthen our security.” It did not share a full timeline for its audit, but noted that users should stay alert for any future alerts on X or other channels. Security experts say adding multi‑factor checks on code changes and regular scans for injected scripts can cut down on risks.

Experts recommend that users treat any unexpected “connect wallet” prompt with suspicion, even on trusted sites. Using hardware wallets or browser extensions that clearly list requested permissions can help you spot shady prompts. Keeping your browser and wallet software up to date is equally key. In the fast‑moving world of crypto, personal caution remains one of the best defenses.

Featured image from Bleeping Computer, chart from TradingView

source

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