Advertisement
AD

Main navigation

XRP Ledger Developer Sounds Alarm Over New Ripple Scam

Advertisement
Thu, 29/12/2022 - 15:34
XRP Ledger Developer Sounds Alarm Over New Ripple Scam
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Wietse Wind, an XRP Ledger developer, recently took to Twitter to warn that there are no current air drops, events or giveaways being conducted by Ripple. He attached a screenshot showing a fraudulent offering that is supposedly being conducted by Ripple.

Advertisement

Scams like these are used by cybercriminals to try and lure unsuspecting investors into providing private keys and other sensitive information.

Unfortunately, many social media platforms do not have effective systems in place for detecting and reporting these fraudsters in a timely manner, making users vulnerable to their tactics.

Related
XRP giveaway scams are becoming more prevalent on social media platforms such as Twitter. These fraudulent schemes typically involve fraudsters impersonating a legitimate account (typically Ripple CEO Brad Garlinghouse) or website.

Advertisement

Scammers often use the platform to post fake giveaways that promise users free XRP tokens if they "donate" a certain amount of money first. However, these transactions are never completed, and victims end up losing their money. Many scammers also use links to phishing websites that attempt to steal personal data. To make matters worse, some scammers post fake screenshots of transaction confirmations and wallet addresses to further deceive people into believing the scam is real.

It is important to be aware of these scams and not fall for them. This is especially true for XRP holders, who are frequently targeted by bad actors. 

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