Cryptocurrency

2024

David

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Ripple CTO&nbsp;<a href="https://x.com/JoelKatz/status/1750647025446851004?s=20" rel="noopener noreferrer nofollow">David Schwartz</a> has sounded the alarm on a new cryptocurrency scam, showcasing the increasing sophistication of fraudulent activities within the crypto sphere. Schwartz, the mastermind behind&nbsp;<a href="https://u.today/major-xrp-ledger-feature-gets-the-green-light" rel="noopener noreferrer nofollow">XRP Ledger</a> and the current chief technology officer at&nbsp;<a href="https://u.today/ripple-cto-ends-xrp-losing-speculations-it-should-be-impossible-to-lose-value" rel="noopener noreferrer nofollow">Ripple</a>, recently issued a warning regarding a deceptive scheme targeting users of the popular NFT marketplace, OpenSea.
In a social media post, Schwartz revealed an email purporting to be a bid from a potential buyer on OpenSea. Alongside the post, he attached a screenshot showcasing the fraudulent nature of the email. "This is a scam," Schwartz emphasized.&nbsp;
He directed users to scrutinize the legitimacy of the "Review Offer" link, advising them to mouseover it. If the link redirected to a SurveyMonkey URL, it was flagged as a potential scam. He further cautioned that clicking on the link would lead to a counterfeit OpenSea page, but SurveyMonkey had already blocked the malicious site.
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 CAUTION: This is a scam.The key sign would be if you mouseover the "Review Offer" link, it goes to a SurveyMonkey link. If you click on it, you would have gotten a fake OpenSea page but SurveyMonkey has already blocked it. <a href="https://t.co/l14USuyQ5s" rel="noopener noreferrer nofollow">pic.twitter.com/l14USuyQ5s</a>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1750647025446851004?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 25, 2024</a>
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The revelation comes at a time when the crypto industry is grappling with an upsurge in scam cases. Cryptocurrency scams continue to evolve in complexity, with perpetrators employing deceptive tactics to target unsuspecting users.&nbsp;
Ripple, given its prominent position in the crypto space, is not immune to such fraudulent activities. Schwartz's alert serves as a reminder of the need for constant vigilance within the crypto community. The sheer audacity of scammers, as demonstrated for example by fake ads featuring Ripple CEO Brad Garlinghouse promising free&nbsp;<a href="https://u.today/xrp-price-analysis-for-january-25" rel="noopener noreferrer nofollow">XRP</a>, highlights the challenges faced by crypto space.

Ripple CTO Raises Crypto Scam Alert

U_Today

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