XRP Ledger Developer Alerted Over New Ripple Scam

• Ripple CTO alerted users about fake XRP staking.
• Ripple CEO’s identity used to promote fake giveaways.
• Crypto community believes the Ripple case will be settled soon.

There have been several cyber attacks on the Ripple community, which is currently fighting with the US financial regulator Securities and Exchange Commission (SEC). The SEC sued Ripple Labs Inc toward the end of 2020 for marketing XRP tokens on its platform. The SEC charged that XRP was an unregistered securities.

Recently XRP Ledger developer Wietse Wind alerted the platform users by tweeting that there are no giveaways or airdrops by Ripple. He tweeted on December 29th that scammers were targeting potential investors to steal their funds by sending phishing website links to steal personal data.

Earlier Ripple CTO alerted users about fake XRP staking

David Schwartz, Ripple CTO, cautioned XRP holders about the recent phishing scam that attacked users using a fake Ripple website. Apparently, the attackers promised users XRP staking with high returns via emails. A cloned Binance website was used to send the spam emails.

On December 10th, 2022, Schwartz warned about the fake Ripple website on Twitter. As per the tweet, the scammers sent a mail stating that “Ripple Labs Co., announced a new premium feature that offers incentive premium and high ROI, from 16% to 31%, with a secured fund of over five billion XRP.”

Schwartz had identified a phony Ripple website link in an email. He stated, “This email does not come from Binance and just uses Binance’s name. The scam does not appear to be connected to Binance in any way.” Schwartz alerted the users to pay attention to the official announcements by the company.

Cyber attackers used Ripple CEO’s identity to promote fake giveaways

Cyber attackers successfully hacked the official Twitter account of Brazilian professional mixed martial artist Michel Pereira, again,  and impersonated Ripple CEO, Brad Garlinghouse. They used the Ripple CEO’s identity to promote fake giveaways.

The hacker replaced Michel Pereira’s image with Garlinghouse’s profile picture with the caption, “XRP is the future! Definitely!”. Some users identified the scam within a few hours and reported it to the website.

The majority of the crypto community believes the Ripple Lawsuit would settle soon

On December 28th, John E Deaton lawyer and XRP activist, launched a poll on Twitter to know what the crypto community thought about Ripple’s ongoing lawsuit with SEC. Most users (59.2%) believe that the Ripple case will settle soon.

Source: https://www.thecoinrepublic.com/2022/12/30/xrp-ledger-developer-alerted-over-new-ripple-scam/