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Beware of Fake PayPal Stablecoins

PayPal announced today that it is launching a new Stablecoin called PYUSD.


The stablecoin is backed by the US dollar and will be issued by Paxos Trust.


PYUSD will be available to PayPal customers in the United States and will be used to facilitate payments and transfers between PayPal users.


The stablecoin will also be available to merchants who accept PayPal payments.


The launch of PYUSD is a significant move by PayPal and is seen as a sign of the growing acceptance of stablecoins by the mainstream financial industry.


*However, during the last few hours since the announcement, the Xplorisk platform detected lookalike coins that are pretending to be PYUSD; below is a partial list.


*Watch out for fake lookalike tokens.


*Web3 Threat Intelligence and Collaboration are Key.


*Reach out to learn more about the Xplorisk platform, which supports real-time detection of such attack vectors (and much more) on over 60 blockchains.

Fake PYUSD IoCs (Indicators of Compromise):

0xe17b8adf8e46b15f3f9ab4bb9e3b6e31db09126e
0x8f5037b49bc141d11a1d893ae5b6c5ac6b41fd86
0x208996f3bf71f57df92ff0fea7f4e287aa569ea0
0x64328c17ca6fed43d5b4c24da3792e71598c2685
0x33c46822a833e9b1440cd232995a6af4085f9c81
0x5260f17c0b7937aedf47dc53f7156ab78e193f2c
0xff464d3dbe7850e408e834191f5024d40b335b80
0x773e793f6892962c0bc6cc40763d82715b730ae1
0xc56c9626afecddc5674bd16be1ce1185b1d2698c
0x2c2489f1f727b871de9ee000f6dc3e14f2157588
0xa33ef369a9cc634efa106991290ff8973b31d466
0xee776ea6c1c492e5d6fbbd2e0a1c599be5dd711b
0xe0a8ed732658832fac18141aa5ad3542e2eb503b
*View with Etherscan and similar blockchain explorers.

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