🚨 Coinbase Warns ADA & LTC Holders Amid Launch of Wrapped Tokens on Base
Coinbase has launched cbADA and cbLTC, wrapped ERC-20 versions of Cardano (ADA) and Litecoin (LTC) on its Layer-2 network, Base. These tokens allow users to bring ADA and LTC into the Base ecosystem and interact with DeFi apps, with Coinbase maintaining 1:1 reserves for each wrapped asset.
However, Coinbase has issued a warning about fake tokens imitating cbADA and cbLTC. Users are advised to verify before trading.
Over 2.9 million cbADA and 11,300 cbLTC are already live, with more than $3 billion locked.
Coinbase reminds users to stay alert, verify contract addresses, and avoid trusting unofficial sources.
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🔔 Additional Coinbase Updates:
Wormhole (W) added to the roadmap (possible future listing)
RENDER and ENA now available in Germany
NEWT and SONIC listed and live on Coinbase apps
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