Main navigation

Ripple Scam Alert: There Is No XRP Staking Program

Advertisement
Mon, 19/12/2022 - 15:58
Ripple Scam Alert: There Is No XRP Staking Program
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Lead developer of the XRP Ledger ecosystem and author of Xumm Wallet Wietse Wind warned the public about a new scam targeting the XRP community. Thus, Ripple's fake crypto website offers unsophisticated enthusiasts to take part in an "autonomous XRP staking trial program," which is then likely to lead to theft of tokens by attackers.

That is not all. The developer also reminded his readers of another type of scam involving XRP staking, where a fake email is received supposedly from Binance, inviting them to join such a program under the pretext of high returns.

Previously, scams using the names Ripple and XRP were limited to bots on Twitter, where the fake accounts of key crypto company figures like David Schwartz or CEO Brad Garlinghouse offered to follow to some dubious sites. There were especially many during the hype surrounding Ripple and XRP, but with Elon Musk's rise to Twitter, it seems that their numbers have dropped significantly.

Advertisement

Related

Don't trust anyone

Overall, the number of fraudulent schemes around cryptocurrencies increased significantly toward the end of the year. The current trend, judging by the latest scam alerts from U.Today, is to use fakes of popular personalities, whether Metallica, Elon Musk or Cristiano Ronaldo.

Related

As reported by blockchain analyst firm Chainalysis in October, the cumulative catch of crypto scammers in 2022 was $3 billion, arguably making the outgoing year the greatest for hacking in market history.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD