A Ripple (XRP) analytics platform, Xplorer has warned members of the XRP community, about an ongoing phishing scam.
Explore published a detailed forensic analysis on Monday, June 15, warning the crypto community of a new kind of scam targeted at XRP users.
Xrplorer warned earlier in January of an XRP phishing scam in a memo. The memo showed that scammers ran a test by giving away micropayments of 88 drops (0.000088 XRP) using the XRP ledger. Attached to each payment is a short message that reads “Welcome Magic” which when clicked would steal the user’s secret key.
According to the recent memo, when the scammers were ready to launch the full attack, they released alluring messages such as:
“Starting February 1st, 2020, Ripple is releasing 3 Billion XRP to incentivise network users. Get 25% more XRP added to your account balance in just minutes.”
Upon clicking the message, unsuspecting users are then redirected to a website that looks similar to Ripple’s blog. Although the web address looks authentic, the culprits used a homoglyph domain. Homoglyph characters are difficult to spot as they look almost exactly the same. For example, ‘ripple’ and ‘rípple’.
Since May 2020, waves of phishing email blasts have been sent out to users who might be interested in trading XRP. As at press time, over 1,980,000 XRP was laundered and 2,100,000 XRP stolen.
Image Credits: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
