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Here comes another episode of fraud narrative relating to Ripple blockchain firm not long after a scam attempt where CEO Brad Garlinghouse was impersonated on a YouTube channel.
As related by a forensic team, xrplorer forensics, some unsuspected users have fallen victim to a new scam where a huge amount of XRP was carted away.
The scammers used fake “Ledger Live” chrome extensions to infiltrate people’s account on the Google Chrome web browser, and obtained users backup passphrases.
The hackers decoyed people by advertising on Google searches and afterward used Google Docs to collect users’ data.
The crypto forensic expert further related that users’ accounts were emptied in the process, and not less than 1.4 million XRP was stolen. Just last month, over 200 thousand XRP has been stolen.
The cyber hackers are now withdrawing the funds via HitBTC crypto exchange platform.
Most are still in accounts, what has been cashed out has been so through @hitbtc
— xrplorer forensics (@xrpforensics) March 24, 2020
While urging users to only download tools for their hardware wallet directly from official vendors, xrplorer forensics said figures of other digital currencies stolen are yet to be obtained.
We don't have figures from other currencies. Don't EVER download tools for your hardware wallet from other places than the vendor directly. The screenshot shows a POST request from an extension. pic.twitter.com/ct4IreHeM4
— xrplorer forensics (@xrpforensics) March 24, 2020
Ripple blockchain firm has for some time been calling users to attention that its company or officials does not and will not offer digital asset giveaway to the public for free.
“In many cases, the first warning that a giveaway ad is a scam is that in order to receive the reward, you must first send money and/or provide your personal financial account information. For any real sweepstakes, winnings are always free and never ask for money or financial account information upfront,” Ripple mentioned in a blog post, adding that it is making huge effort to clamp down on cyber theft attempt.
“In response to the numerous XRP giveaway scams and impersonations, Ripple has hired an external cybersecurity and digital threat intelligence vendor to help with reporting and takedown efforts. Additionally, we have built our own submission form for the community to report unusual activity.”
Ripple Makes Huge Donation to Fight Coronavirus Epidemy
In a bid to fight the global COVID-19 pandemic as well as support its customers during this tough time, Ripple has donated $200,000.
After making the decision of letting its workers work from home, the fast-growing blockchain giant made the donations of $100 each to San Francisco-based nonprofit Tipping Community and the Silicon Valley Community Foundation.
Brad Garlinghouse, the CEO of Ripple, emphasized that the well-being of customers remains the company’s priority. He further said that there would be a rise in the need for the global transfer of money as world economies shut down one by one.
Other notable crypto companies have made contributions in the campaign against the virus. Binance Charity launched the Crypto Against COVID campaign, donating a whopping sum of $1million.
Also, the Italian Red Cross has earlier in March launched a Bitcoin fundraising campaign against COVID-19 with a target of raising $10,000. The target has been far exceeded as over $21,000. was generated during the campaign.