65 Mln XRP Wired Between Unregistered Wallets, While Reddit Discusses XRP Scam
Ripple’s XRP is the third-largest coin on the cryptocurrency market. Along with BTC and ETH, it is often used by scammers. Recently, the analytical website Bithomp published a memo about a new XRP airdrop. Reddit users are discussing this move, calling it a scam that hunts for the seed phrases to their wallets.
Meanwhile, The XRPL Monitor page has detected several transfers that moved around 65 million XRP between unknown wallets. Part of it was moved between BitPay addresses.
Crypto scam that offers XRP
On the Bithomp website, where it tracks XRP transactions, it recently published a note that as of February 1, Ripple has released '3 bln XRP to incentivize network users'.
Tiny amounts of XRP have been spread since then. The name of the website where users are expected to get their XRP is called claimRipple.com. A Reddit user says that you are expected to provide your address and a seed phrase to claim your XRP, claiming it is a scam.
The Redditor says:
“I follow the website, which can be found in TX json. The website will redirect you to ripple website with an "ẹ" (notice the . ). They copied the real ripple website and include a news about 3 billion XRP will be release to individual XRP holder. They provide a link to bithomp website with an "ȯ" (notice the . ). You will need to provide the passphrase or address to receive free XRP.
This is what this airdrop and link do. IT'S A SCAM!!!”
Bithomp has labeled these XRP airdrops with ‘Fraud Alert’.
Alex Dovbnya65 mln XRP transferred, BitPay involved
XRPL Monitor, The XRPL Monitor Twitter page, has shared some data on three large XRP transactions, totaling 65 mln XRP. Two of them came one after the other and transferred 44 mln XRP between anonymous crypto wallets.
The third transaction sent 21 mln XRP between wallets of the BitPay crypto payments platform.
Transaction Type: Payment
— XRPL Monitor (@XRPL_Monitor) February 20, 2020
Amount: 21,035,288.360774 XRP
Fee: 45 drops (0.000045 XRP)
Sender: rs4JXmi79rS4fGvPc6weLVRazmSZ52VbKi
Sender Balance: 5,044.999955
Receiver: rHjXPaX3U65HV1UhuMvZAbnR7Z4kww2naG
Receiver Balance: 21,347,302.571246
Link: https://t.co/kbFLbWz4F2
Arman Shirinyan
Alex Dovbnya
Dan Burgin