29 March 2022

FMA warns about a Decentralised Application: eth-coinbasemart.com

FMA are concerned that eth-coinbasemart.com (the dapp), a Decentralised Application, is involved in a scam.

We have received a complaint from a New Zealand resident whose funds have been unreasonably withheld by the dapp.

The dapp* falsely claims to be audited and links to ethereum.org as its official website. Ethereum.org is a public, open-source resource for the Ethereum community and has no association with the dapp.

*A dapp can only be accessed from within a wallet extension browser. Find more information about decentralized applications (dapps). 

Entity name: eth-coinbasemart.com