A report shared by journalist Andjela Radmilac points to fraudulent tokens using HSBC’s name, highlighting persistent risks from impersonation scams in the digital asset market.
Fraudulent stablecoins falsely linked to HSBC Bank have appeared in the market, according to the provided report reference. The case highlights a common crypto scam pattern in which bad actors create tokens that mimic established financial brands to appear credible and attract users. In digital asset markets, fake token listings can spread quickly across trading venues and blockchain explorers, making brand impersonation a recurring risk for traders and retail users.