Ripple, Binance impersonators target XRP holders via fake staking program

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Ripple, Binance impersonators target XRP holders via fake staking program
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Scam alert: Fraudsters impersonating Ripple and Binance are offering XRP staking services through fake websites and emails.

a blog post titled “XRP staking set to debut January 2023 for retail users,” inviting users to “stake” their XRP with unrealistic returns on investment , ranging from 12% to 27%. The fake scheme attempts to rush XRP investors’ decision by stating that only the first 10,000 accounts will receive a higher ROI.

The fake website provides a well-crafted clone of Ripple’s website, ripple.com, by copying the original layout, and fonts and linking some of its previous blog posts. The impersonators also attempted to add more credibility to their posts by adding information about the importance of self-custody using major hardware wallets like Ledger or Trezor.

The scam website has a lot of mirror domains like ripple.org.th or ripple.com.ve, targeting XRP users from all over the world. The cryptocurrency community has raised flags about a new scam scheme targeting XRP investors through a fake staking program.The XRP staking website scam is accompanied with imposter emails impersonating Binance and offering up to 31% ROI on XRP staking. One industry enthusiast, RipplePandaXRP, took to Twitter on Jan. 21 to“Do not send your XRP to an unknown address and always check the address to see if it is a legit site,” RipplePandaXRP wrote.

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