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THE WORLD OF CRYPTOCURRENCY AT YOUR FINGERTIPS

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Criminals Create Fake Ripple insights Page for Phishing Scam

Another phishing scam, which was taking advantage of the gullibility of crypto investors has been recently uncovered. According to a post by coil, scammers have created a phishing scam that targets Ripple users.

The scammers created a page that mirrors the real Ripple Insights page. They made subtle changes to the original page to make it seem like the real thing. After that, the scammers posted fake articles discussing giveaways and airdrops.

They make the page look real the scammers used special characters (ripple !) which were supposed to look like they spelled out ripple. Next, they posted an article about a major upcoming airdrop. They said that XRP was adding a new feature called Claim. Once users fall for the scam, the criminals have installed a special tool that sends keys to the attackers and they now have full control of their victim’s account.

The Coil post noted that on 16 January, the scammers made a test run by making small payments of 88 drops, each with 0.000088 XRP. Once the initial tests were done, they were ready for launch. Thousands of 88 drop payments were sent to XRP accounts directly. Those picked for the scam were chosen based on the balance in their accounts. The goal of these payments was to entice the victims so that they could expose themselves to the Claim took, which would take over their accounts.

 

Thus far, it is not known how much the scammers got from their victims. This is not the first time that XRP users have been targeted by scammers. Last year, reports emerged that live streams were being hosted on YouTube in an attempt to lure people to send XRP users to send funds to scam projects. The scammers promised their victims huge returns on their investments in the form of airdrops.

In general, when you decide to invest in a project, it is important to conduct a lot of research. This will help you to avoid becoming one of the many millions of victims targeted by scammers. If you feel a project is not genuine, raise alarm on the issue online.

 

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