According to The Defiant, 13 copycat tokens using the name JPMD have appeared on Ethereum as JPMorgan rolls out its own token on the network. JPMorgan said in official documentation that tokens with the same name issued from other addresses are not affiliated with the bank. On-chain data for the bank’s actual Ethereum token currently shows a total supply of zero and zero holders. The development puts attention on name-based impersonation risks around newly launched crypto assets, especially when a major financial institution is involved. The report, however, only states that the lookalike tokens share the same name and does not provide additional details about their issuers or activity.
According to The Defiant, 13 copycat tokens using the JPMD name have appeared on Ethereum as JPMorgan launches its token on the network.
JPMorgan said in official documentation that tokens with the same name at other addresses are not affiliated with the bank.
On-chain data for JPMorgan’s actual Ethereum token currently shows a total supply of zero and zero holders.
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