Ripple CTO David Schwartz updated the XRP community on a new widespread scam involving cryptocurrency exchange Coinbase.
Mr. Schwartz is often vocal on his social handles and has a reputation for interacting with the XRP community. He recently demonstrated his sense of leadership by updating the XRP Army on new phishing techniques scammers are using to deceive users.
in Tweet Today, Ripple CTO alerted the community to a new email being used by scammers. The ruse involves accessing users' accounts under the guise of Coinbase, the largest cryptocurrency exchange in the United States.
New fraud alert
Schwartz shared an image of a fraudulent email in which the sender claims to be a representative of Coinbase. Scammers try to get your attention by informing you that you need to verify your account details to make your transaction with the exchange smoother.
This email also includes an “Update Account” link. This could be a phishing link that allows malicious actors to access the victim's account. Schwartz warned users that the email was a scam and suggested they ignore it.
Community acknowledges receipt and praises Schwartz
Meanwhile, several investors confirmed receipt of the email. one user He claimed that his own email had an attached call from a Canadian phone posing as Coinbase support. But he admitted he didn't fall for the trick.
Other community members praised Schwartz's efforts to alert the community. a user Others agreed with this story, while praising the Ripple CTO as a “true community manager.”
In particular, Mr. Schwartz spent 12 years Ripple previously advised the XRP community not to make the wrong decision. For example, he warned Enthusiasts object to seeing the launch of RLUSD as an opportunity to get rich.
This happened after a lack of supply and high demand for RLUSD caused price fluctuations, causing the stablecoin to touch. $1,200 per coin At some point. Schwartz explained the instability and argued that the fluctuations subside over time.
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