Ledger has issued new alerts about fraudulent airdrop scams targeting unsuspecting members of the XRP community.
Leading cryptocurrency hardware wallet provider Ledger has issued new scam alerts to the XRP community. In a tweet today, Ledger warned of a fraudulent airdrop scam targeting XRP community members.
According to the announcement, these fake airdrop ads are designed by malefactors to steal funds from XRP holders. Ledger further warned XRP community members to stay vigilant to avoid falling prey to these scams.
🚨 Scam alert!
Stay vigilant, #XRPArmy :
– Never transfer funds to unfamiliar addresses ❌
– If it seems too good to be true, it likely is 🤔
– NEVER disclose your 24-word… pic.twitter.com/Wd0LpmLMH1
— Ledger Support (@Ledger_Support) August 1, 2023
Ripple CEO Photo Used to Promote Scam
Notably, Ledger shared two screenshots of the scam. In one of the screenshots, malefactors used the photo of Ripple CEO Brad Garlinghouse to promote the scam, with the caption “Brad Garlinghouse 100,000,000 XRP Annual Airdrop.”
The scammers added Garlinghouse’s photo to the post in an attempt to give it legitimacy. In the second screenshot, the scammers highlighted the steps people can follow to participate in the fraudulent airdrop.
Per the photo, they urged unsuspecting XRP holders to participate in the exercise by sending any amount of XRP to an address. In return, the scammers said investors would receive tenfolds of any amount of XRP sent.
Notably, they claimed they would only return the funds after confirming the sender’s transaction.
Increase Scam Targeting XRP Enthusiasts
Scammers have been launching different tactics targeting members of the XRP community. Most malicious ads are usually circulated on social media platforms, especially Twitter.
These scammers mainly promote fake airdrops under the tweets of prominent XRP stakeholders. Through this method, more XRP enthusiasts will get to see the post.
Recently, scammers have taken things to the next level by hacking the Twitter accounts of prominent XRP stakeholders. As reported, these individuals hacked top lawyer Jeremy Hogan’s Twitter account to promote a fake XRP giveaway.
The development happened weeks after Attorney John Deaton’s Twitter account was hacked.
Ledger Shares Safety Tips to XRP Community
As scammers continue targeting the XRP community, Ledger shared some safety tips to protect people.
In its recent tweet, Ledger warned crypto enthusiasts not to transfer funds to unfamiliar addresses. Ledger also noted that if any promo seems too good to be true, it is likely a scam. Additionally, Ledger advised XRP enthusiasts not to share their 24-word recovery phrase with anyone.