Popular blockchain company Ripple, responsible for creating the cryptocurrency XRP, issued an alert to its users recently. Ripple requested users of the cryptocurrency to remain vigilant as cryptocurrency frauds were becoming increasingly sophisticated and perilous in recent days.
The company reemphasized that it never requires anyone to send it any tokens for any reason at all. This is applicable to promotions, giveaways, or even airdrop events, which most scammers use to lure unsuspecting investors into investing.
Top company officials like CEO Brad Garlinghouse and President Monica Long also stick to this position. Neither of them has reached out to holders of XRP seeking tokens or financial information.
Fake Ripple pages promote XRP giveaways
Ripple also warned the public against following unknown website links that appear suspicious or unusual in any form. Most scam links mimic Ripple’s website design and colors to trick investors into thinking it’s the official platform.
Such links tend to advertise deceitful offers of huge amounts of XRP and time-sensitive bonuses meant to coerce users to engage in hasty and reckless actions.
Scammers increasingly utilize imitation tweets, Medium blog posts, and manipulated videos of Ripple executives to advertise such traps. Others go as far as creating entire imitations of Brad Garlinghouse’s and Monica Long’s social media accounts that nearly resemble them.
They pose as giveaways of free XRP and require users to send them small sums of money to “validate” wallets.
Reports indicate that it is becoming easier for scammers to get away with it, as criminals resort to deep fake technology as well as doctored voices to masquerade as real individuals, including crypto chiefs and experts, nearly to perfection. Former Binance chief Changpeng Zhao recently revealed that scammers even impersonated his voice in a manner he could not identify.
