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XRP Holders, Beware: Scammers Are Stealing Bank Names

XRP Holders, Beware: Scammers Are Stealing Bank Names

Photo: U.Today

XRP holders should exercise maximum caution: the integration of the XRP Ledger into the banking sector , the launch of the RLUSD stablecoin, and Evernorth treasury transfers have had an unexpected side effect. While Ripple cements its institutional recognition, scammers have begun mass-stealing the names of well-known financial institutions, turning real corporate news into a tool for stealing assets. This week, an XRPL Foundation contributor under the handle '@Vet_X0' warned investors about a new scheme. Scammers generate "beautiful" wallet addresses (vanity addresses) and issue dummy tokens that imitate brands from recent announcements.

Source: U.Today

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