#coinbase
Coinbase, a leader in the American cryptocurrency market, has issued a critical warning to those holding Cardano (ADA) and Litecoin (LTC) because of the recently introduced wrapped cbADA and cbLTC coins on the Base Layer-2 network. Launched on June 26, 2025, these coins have quickly gained traction. To maintain transparency, Coinbase assured a 1:1 reserve for each wrapped coin but also cautioned about potential fraudulent contract addresses, advising users to only use official links provided in their announcement.