The XRPL Labs team raises the alarm about a fake Xumm wallet Chrome extension that aims to steal users’ XRP tokens.
Interest in the XRP Ledger native token is soaring as the asset recently gained regulatory clarity. As a result, scammers are making moves to loot market participants of their XRP holdings.
Per a Tuesday update from the XRPL Labs team, scammers have deployed a fake Xumm wallet plugin on the Chrome Web Store. The aim is to use the fake web extension to obtain XRP users’ secret keys upon downloading the plugin and then steal their funds.
? WARNING!
There is a *FAKE XUMM PLUGIN* in the Chrome Web Store.
It asks you to enter your secret & steals all your funds.
We *DO NOT OFFER* a browser plugin. We *WILL NEVER OFFER* a browser plugin. We keep your funds safe & encrypted on your own phone.
Stay vigilant. pic.twitter.com/0hjfdOz3AS
— Xumm Wallet ? (@XummWallet) July 18, 2023
The Xumm Wallet team clarified that they do not offer browser plugins presently and do not intend to do so in the future. The team indicated that Xumm Wallet only exists as a mobile application, urging users to be vigilant of bad players.
Notably, this disclosure comes shortly after Xumm Wallet announced the integration of SimpleSwap into its application to enable users to swap crypto assets from other blockchain networks to XRP. To minimize the risk of hacks and ensure maximum customer safety, the integration does not support outbound transactions to non-XRP ledgers.
Rising XRP Scams
Reacting to the bogus plugin development, several users appreciated the XRPL Labs for the timely update, with many lamenting over the rising XRP-related scams. Likewise, members of the XRP community urged the Google Chrome team to take down the fraudulent web extension.
Given that several crypto analysts have projected XRP to surge exponentially in the coming weeks or months, scammers continue to deploy diverse means to accumulate the crypto asset.
Recall that someone recently used an account impersonating Ripple CTO David Schwartz to parade a fake XRP airdrop campaign. Consequently, Schwartz cautioned users against participating in the Brad Garlinghouse-branded 100 million XRP airdrop.
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