Coinbase is set to launch wrapped tokens named cbADA, cbDOGE, cbLTC, and cbXRP on its Base network.
The company warns users to watch out for scammers claiming that these tokens are already available.
Trust should only be placed in the officially shared Base contract addresses after the tokens are officially launched.
These new tokens are wrapped versions of popular cryptocurrencies like Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) and are not yet tradable.