Ripple CTO Sends Crucial Warning To Community – Here’s What It Is | Bitcoinist.com


Ripple
CTO
David
Schwartz
has
sent
a
crucial
warning
to
the
community
members
in
regards
to
a
number
of
scams
that
have
been
proliferating.
With
the
crypto
market
prices
recovering
once
more,
scammers
are
back
in
full
force
and
they
tend
to
hone
in
on
a
community
as
their
target
victims,
warranting
warnings
such
as
this.

Ripple
CTO
Warns
Community
Of
Scams

A
new
type
of
scam
targeting
X
(formerly
Twitter)
has
made
the
rounds,
seemingly
harnessing
the
fear
of
accounts
getting
banned
as
a
way
to
hack
user
accounts.
The
DM,
which
was
posted
by
another
X
user
who
goes
by
@3YearLetterman,
reveals
a
threatening
message
from
someone
pretending
to
be
from
the
X
team.

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The
contents
of
the
DM
show
an
initial
accusation
that
the
X
user’s
account
was
being
investigated
for
copyright
violations.
They
further
went
on
to
ask
the
recipient
to
provide
feedback
on
this
issue
through
completely
a
form.

However,
the
link
attached
to
the
DM
is
a
malicious
one
which
will
trick
the
X
user
into
sharing
their
account
details,
and
thereby
compromising
their
account.
The
DM
is
then
signed
with
X
Support
Team,
presumably
to
sell
the
illusion
that
this
was
actually
a
correspondence
from
the
real
X
team.

Responding
to
the
post,
the
Ripple
CTO
urged
users
to
ignore
all
messages
like
these
when
they
receive
them
as
they
are
just
trying
to
steal
their
login
information.
“CAUTION:
If
you
receive
a
DM
anything
like
this,
it
is
fake.
The
link
goes
to
a
phising
site
that
will
collect
your
login
and
personal
information,”
Schwartz
said.

Crypto
Scams
Are
On
The
Rise

Recently,
another
prominent
figure
in
the
crypto
space
warned
community
members
of
rampant
scams.
DaVinci,
a
Shiba
Inu
team
member,

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posted
about
scammers
creating
multiple
variations
of
the
team’s
unlaunched
TREAT
token
to
steal
investors’
funds.

Just
like
the
Ripple
CTO,
DaVinci
urged
individuals
to
be
careful
when
interacting
with
tokens
on
the
ShibaSwap
decentralized
exchange.
He
explained
that
given
the
decentralized
nature
of
the
exchange,
they
cannot
stop
these
tokens
from
trading,
but
they
can
warn
investors
and
have
them
informed.

Last
month,

Canadian
authorities
also
took
the
initiative
to
warn
its
citizens
due
to
the
alarming
rise
in
crypto
scams.
One
of
the
major
scams
targeting
investors
include
romance
scams,
where
the
scammer
convinces
their
victims
to
invest
in
a
crypto
site,
which
ends
up
being
fraudulent.

This
comes
as
the
number
of
investors
who
are
holding
cryptocurrencies
continue
to
be
on
the
rise.
Due
to
the
rather
anonymous
nature
of
cryptocurrencies,
it
makes
it
a

prime
hunting
ground
for
these
scammers.

XRP
price
struggles
to
hold
support
|
Source:

XRPUSDT
on
Tradingview.com

Go to Source
Author: Scott Matherson


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