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Vatican Bank Denies Links to Suspicious Vatican Chamber Token (VCT) Crypto Scam Project

2025-07-11 09:43:28

Vatican Bank Denies Links to Suspicious Vatican Chamber Token (VCT) Crypto Scam Project

Main Idea

The Vatican Bank has denied any connection to the fraudulent Vatican Chamber Token (VCT) crypto project, which has been exposed as a phishing scam.

Key Points

1. The Vatican Chamber of Trade scam promised exclusive benefits and priority access to tokenized asset offerings, but these claims were fraudulent.

2. The project's website falsely claimed a total supply of 10 million VCT tokens priced at 25 euros each, with a circulating supply of 7 million tokens.

3. A suspicious edit linking the Vatican Bank to the fraudulent project was made to its Wikipedia page, which was quickly flagged as vandalism.

4. The 'buy token' button redirected users to a suspicious subdomain mimicking Coinbase, a tactic commonly used by scammers.

5. The scam imposed stringent eligibility criteria to create a false sense of exclusivity and legitimacy.

Description

The Vatican Bank has firmly denied any association with a fraudulent crypto initiative falsely branded as the “Vatican Chamber of Trade,” which has been promoting fake memberships and token sales.

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