In a recent tweet, a renowned hardware wallet provider for digital currencies, Ledger, has notified its customers about a new deceitful approach that targets XRP holders unaware of the trick. Ledger says defrauders have created a forged version of the formal Ledger Live program to mislead customers and rob them of their XRP assets.
XRP users have been advised to only download the app from the official Ledger’s website or reputable app platforms to protect their possessions. Recently, some persons pretending to be staff of Ledger, a renowned virtual currency wallet firm, have deceived customers into disclosing their recovery phrases.
Employing this trick enables the cons to gain unauthorized entrance into the client’s XRP wallet. Users are advised to be careful and to avoid sharing their recovery phrases with people requesting such information as it could be used to loot their digital coins.
Tips from Ledger to Safeguard Your XRP Holdings
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It is significant to note that Ledger has not publicized the specific number of XRP coins looted by tricksters. Furthermore, the number of customers being preyed on by these deceitful actions has yet to be discovered.
Nonetheless, the prominent provider of crypto paraphernalia has outlined measures to protect XRP owners against falling victim to such fraudulent activities. Ledger has notified XRP owners to shun typing their recovery phrases on any website or app.
Ledger has warned users to be cautious when receiving unwelcomed messages from persons purporting to be the firm’s workers. These messages might be from criminals who trick customers into disclosing their recovery phrases. The company has pointed out that it never asks its users to provide recovery phrases through direct messages.
Ledger has posted a screen capture of its Twitter username to assist customers in ascertaining fake messages and accounts. The blue checkmark next to the account name is the verified badge of the official Twitter account.
XRP Scams on the Rise
Cybercriminals are currently employing different tactics to thieve XRP coins from customers. At the beginning of this month, the Twitter account belonging to News 24 was penetrated by cyber-terrorists to endorse an airdrop scam related to XRP.
The criminals shared a tweet from News 24’s account saying that Brad Garlinghouse, the CEO of Ripple, gave their users 100 million worth of XRP digital currency to thank them for their efforts in supporting them.
The tweet was followed by a link created to siphon the wallets of all those who participated in the fraudulent engagement. In reality, the company was not giving such a giveaway. This occurrence highpoint the rising danger of digital currency scams and the need for customers to be watchful and confirm the validity of such offers.