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Cryptoknowmics 2022-07-09 13:36:04

Ripple’s Xumm Wallet Alerts Users of Fake XRP Giveaway Scam

Xumm, a non-custodial wallet on the XRP Ledger, has warned XRP holders to remain aware of a fake giveaway scam launched by malicious actors to steal unsuspecting victims’ XRP. Malicious Actors Targeting XRP Investors According to an announcement by Xumm wallet, scammers claiming to be from Ripple are sending emails to potential victims. The message includes a fake giveaway promotion promising to send 500 million XRP to be distributed to XRP Ledger holders while luring these users to a website that looks official. A closer look at the website reveals it to be a scam, as the domain name, which includes “i” in “Ripple” is replaced with another character. There is a sign-in page on the website,, where potential victims will be required to connect their Xumm, Trezor, or Ledger wallet, to receive a portion of the fund. Obviously we blocked the Xumm integration when we just found out. Once a user signs in, they will ask you to sign a "SetRegularKey" transaction. If a user would engage, they would authorize another XRPL account (owned by the scammers) to send transactions on your behalf. (2/3) — XUMM Support (@XummSupport) July 8, 2022 In the meantime, Xumm has blocked the malicious website from accessing its wallets. However, if users ignore the warning signs and log in with their wallets, the user will be prompted to sign a “SetRegularKey” transaction. Once this is done, the malefactors will proceed to empty the vict...

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