JPMorgan’s Ethereum token JPMD now has 13 counterfeit versions

The Defiant reported that when JPMorgan launched its official token JPMD on the Ethereum network, 13 counterfeit tokens with the exact same name had already appeared in the market. In its official documentation, JPMorgan explicitly stated that it has no affiliation with any JPMD tokens issued from addresses other than those designated by the bank. As of now, the only JPMD token on Ethereum officially recognized by JPMorgan shows zero supply and zero holders on-chain.