- CoinMarketCap addressed a homepage security threat.
- Binance-owned platform quickly tackled phishing risk.
- User safety restored with immediate security actions.
CoinMarketCap, a Binance-owned crypto platform, identified and resolved a phishing scam on June 20, 2025. The incident involved a malicious doodle image on its homepage that threatened user security.
The incident underscores the importance of user vigilance in the crypto space and highlights CoinMarketCap’s rapid response to potential threats.
CoinMarketCap’s security team detected the vulnerability and removed malicious code from the homepage. Users were repeatedly warned to avoid interacting with unauthorized prompts. No cryptocurrencies were directly lost in the incident, as its aim was to obtain user credentials through deceit.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. We’ve identified and removed the malicious code. All systems are now operational and secure.” — CoinMarketCap Security Team, CoinMarketCap Official Statement
Phantom and MetaMask, wallet providers, flagged CoinMarketCap as potentially unsafe post-incident, as a precautionary action to protect users. There was no evidence of on-chain financial losses or market disruptions linked to this security breach.
CoinMarketCap’s swift response likely reduced the potential impact of the breach. The security team’s prompt action and ongoing user advisories demonstrate a proactive approach to cybersecurity.
No significant regulatory or market repercussions were observed immediately after the event. The incident serves as a reminder of phishing threats targeting popular cryptocurrency platforms.
As the crypto industry continues to face threats, the CoinMarketCap incident may influence future protocols for cybersecurity within the sector. Vigilant measures against such exploits are essential, according to industry experts and historical precedents.
