Ripple Binance Altcoin XRP Scams

Ripple, Binance impersonators target XRP holders via fake staking program

Reading now: 200
cointelegraph.com

Online fraudsters are impersonating major cryptocurrency firms like Ripple and Binance by creating fake websites and email imposters pretending to provide staking services for XRP.One such website, ripple.com-staking.tech, includes a blog post titled “XRP staking set to debut January 2023 for retail users,” inviting users to “stake” their XRP with unrealistic returns on investment (ROI), ranging from 12% to 27%.

The fake scheme attempts to rush XRP investors’ decision by stating that only the first 10,000 accounts will receive a higher ROI.The fake website provides a well-crafted clone of Ripple’s website, ripple.com, by copying the original layout, and fonts and linking some of its previous blog posts.

The impersonators also attempted to add more credibility to their posts by adding information about the importance of self-custody using major hardware wallets like Ledger or Trezor.The scam website has a lot of mirror domains like ripple.org.th or ripple.com.ve, targeting XRP users from all over the world.The cryptocurrency community has raised flags about a new scam scheme targeting XRP (XRP) investors through a fake staking program.The XRP staking website scam is accompanied with imposter emails impersonating Binance and offering up to 31% ROI on XRP staking.

One industry enthusiast, RipplePandaXRP, took to Twitter on Jan. 21 to warn the XRP community about the scam.“Do not send your XRP to an unknown address and always check the address to see if it is a legit site,” RipplePandaXRP wrote.Related: Ripple CEO: XRP lawsuit resolved by June, SEC conduct ‘embarrassing’That said, the real Binance exchange actually offers decentralized finance (DeFi) staking for XRP as part of its Binance Earn program.

Read more on cointelegraph.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA