Xumm, a non-custodial wallet on the XRP Ledger, has warned XRP holders to remain aware of a fake giveaway scam launched by malicious actors to steal unsuspecting victims’ XRP.
<h2><strong>Malicious Actors Targeting XRP Investors</strong></h2>
According to an announcement by Xumm wallet, scammers claiming to be from Ripple are sending emails to potential victims. The message includes a fake giveaway promotion promising to send 500 million XRP to be distributed to XRP Ledger holders while luring these users to a website that looks official.

A closer look at the website reveals it to be a scam, as the domain name, which includes “i” in “Ripple” is replaced with another character. There is a sign-in page on the website, apps.rlpple.com, where potential victims will be required to connect their Xumm, Trezor, or Ledger wallet, to receive a portion of the fund.

https://twitter.com/XummSupport/status/1545537494833307649

In the meantime, Xumm has blocked the malicious website from accessing its wallets. However, if users ignore the warning signs and log in with their wallets, the user will be prompted to sign a “SetRegularKey” transaction. Once this is done, the malefactors will proceed to empty the victims’ accounts, Xumm added.

The company, however, added some safety tips to keep <a href="https://www.cryptoknowmics.com/news/reasons-to-hodl-xrp/">XRP</a> holders safe from being the victim of crypto heists.

“NEVER SIGN A TRANSACTION IF YOU DON’T FULLY UNDERSTAND WHAT IT WILL DO! If you signed a Set Regular Key without explicitly wanting to authorize the other account on your account, please remove it ASAP.”

Ripple’s Xumm Wallet Alerts Users of Fake XRP Giveaway Scam

Xumm wallet has warned XRP holders to remain aware of a fake giveaway scam launched by malicious actors to steal unsuspecting victims’ XRP 

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Ripple’s Xumm Wallet Alerts Users of Fake XRP Giveaway Scam

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