Leading hardware wallet manufacturer Ledger used the X app to alert the XRP community to some scammers who are attempting to deceive people into parting with their hard-earned money under the pretense of phony airdrops.
Ledger posted a screen grab of a post made by an X app user going by the handle @leolrp. There will be an ETF soon, according to the post from earlier this month.
The suspected fraudster offered a gift scheme that included a sizable XRP event airdrop in honor of the launch of the XRP product and the much-lauded progress made.
Ledger verified, though, that the news is entirely untrue. The company saw that scammers were using these tactics to target the XRP community to steal customers’ cryptocurrency funds.
Users are encouraged to exercise caution with this illicit marketing, particularly when it comes to disclosing their private keys. It was also advised that XRP community members refrain from transferring funds to unknown addresses. They were also advised to avoid deals that appear too good to be true. Primarily, users must never reveal their 24-word recovery phrase for any purpose.
In the meantime, the news had no adverse effect on XRP’s market activity. Data released by Whale Alert reveals a significant amount of whale activity centered around the coin. After rising 2.83% over the previous day, XRP is currently trading at $0.6129 as of this writing.
Also Read: XRP Poised for Major Upside According to Crypto Analysts
