Scammers Target Cape Verde Fans with Fake Cryptocurrency Tokens

Cape Verde's debut in the World Cup has highlighted the darker side of cryptocurrency. The Blue Sharks, who will face Spain on June 15, are an archipelago nation with a population smaller than most mid-sized American cities.

The team's appearance at the tournament is extraordinary, and it has also become an opportunity for scammers. Unauthorized tokens bearing the team's name have been circulating in the market, despite there being no official Cape Verde fan token or blockchain partnership between the Cape Verdean football federation and a crypto platform.

Kraken became FIFA's first official cryptocurrency exchange partner on June 9, making it FIFA's Official Crypto Exchange Supporter. Chiliz powers fan tokens for other national teams participating in the tournament, giving holders voting rights and access to exclusive experiences.