Crypto scam in sight – This is a frequent phenomenon in our still fledgling ecosystem. The crypto scams and other attacks are a plague plaguing the cryptocurrency world, if on the scale of France, or even on a global scale. Today we will dwell on this gang of scammers who are no exception. His goal? impersonate Ripple or Binance and targeting XRP holders via phishing attacks.
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XRP staking on Binance and Ripple: beware of phishing attacks
We learn about it in the lines of CoinTelegraph. Fraudsters pretending to be Ripple Where is it Binance and targeting XRP holders via deceptive staking programs. Users receive emails and messages via social networks inviting them to participate in a program that promises high returns of up to 31%. Spoiler: it doesn’t exist. Especially since staking is impossible on Ripple which does not natively manage the Proof of participation (POS). It is a blockchain that uses Proof of Correctness.
Also, so that users don’t have too much time to think about their actions, scammers embed their client’s decision in the email. Therefore they state that only the first 10,000 accounts will receive a higher ROI. Spoiler: that doesn’t exist either.
However, once users send their XRP to the specified address, they are no longer able to recover it. This is a phishing attack, phishing using an Internet address disguised as an official address.
Very quickly, the reaction of the community was not long in coming, on the contrary. Social media tweets have started to do that the alarm sounds so that XRP holders secure their cryptocurrencies. Moreover, we also notice it Ripple And Binance never ask users to deposit funds to addresses that are not officially linked to their respective platforms.
Phishing attacks will therefore be no exception for this year 2023. An already very unfortunate year for many wallets that are deprived of their cryptocurrencies, it is always important to realize the importance of do your research before depositing funds anywhere. You can lose everything. Such is the case with this man who lost the NFTs of a lifetime in one click on Google. So above all, remember to have a healthy computer hygiene.
In cryptocurrency, do not save on prudence! So, to keep your crypto assets safe, your best bet is still a personal hardware wallet. To the ledger, there is something for all profiles and all cryptocurrencies. Don’t wait to secure your capital (trade link)!