Ripple CTO Issues Critical Scam Warning to XRP Army

Ripple CTO Issues Critical Scam Warning to XRP Army

Ripple Chief Executive Officer (CTO) David Schwartz has released a crucial scam warning for the XRP army and the global cryptocurrency community.

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Ripple Chief Executive Officer (CTO) David Schwartz has released a crucial scam warning for the XRP army and the global cryptocurrency community.

Citing a tweet posted by an account posing as @loopringorg, the official of user compensation”.

RippleCTOscamppost
Image via X

Schwartz warned that it was a fraudulent message: “Caution! This is a scam post! So far, Team In that tweet, the project team shared details of the incident, explaining what really happened.

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Loopring Smart Wallets Breach

The post published by @loopringorg revealed that a few hours ago some Loopring Smart Wallets suffered a hacker attack. The hacker falsely posed as the wallet owner, resetting ownership and withdrawing assets from the targeted wallets.

The hacker attack was successful as the culprits managed to compromise Loopring’s 2FA service and obtained approval for the aforementioned recovery from the Official Loopring Guardian. All operations related to the Guardian service have been suspended for now, while the team collaborates with Mist security experts to determine how the 2FA service was breached.

The Loopring team is now actively working with security and law enforcement experts as they try to track down the hacker. The two addresses of the hackers were shared in the post when the Loopring team asked the crypto community for help: “If you have any information that can help us locate the hacker, please share it with us.”

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Thu, 06/06/2024 – 08:27
Ripple CTO Issues Crucial Warning to XRP Community

Previous scam warning from Ripple CTO

As Guru-Investingreported last week, Schwartz addressed the XRP community on a similar topic. He shared a screenshot of a direct message received by another X user, from someone calling themselves the X support team.

The message said this user’s account was “under investigation for copyright violations” and urged the user to fill out a form accessible through the link added to the message. If the form is not completed within 24 hours, the scammer claimed, the account would be suspended. Ripple’s CTO said that screenshot was fake.

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