🚨 XRP Community – Beware of Crypto Scams, Protect Your Recovery Phrase & Funds

Hey, XRP holdersπŸ‘‹

Crypto scams are on the rise, particularly targeting the XRP community. These scams involve fake Ledger Live apps and scammers posing as Ledger employees.

It's crucial that you stay vigilant and take measures to protect your coins.

Here's what you need to know:

  1. Fake Ledger Live apps: Be extremely cautious when downloading and using Ledger Live apps. Scammers create fake browser versions of the app to trick users into sharing their 24-word recovery phrase. To ensure you're using the official Ledger Live app, always download it from the official website at https://www.ledger.com/ledger-live

  2. Fake Ledger employees: Watch out for unsolicited messages from accounts claiming to be “Ledger Support” or similar. Ledger will NEVER ask for your recovery phrase or personal information via direct message. Report and block any suspicious accounts, and if you need support, post a question here, come to our daily YouTube AMAs, send us an email at support.ledger.com or reach out to the genuine support account on Twitter: Ledger_Support

  3. Protecting your 24-word recovery phrase: Your recovery phrase is the ultimate key to your crypto assets. Keep it secure and never share it with anyone. Avoid creating digital copies of your recovery phrase (such as photos or storing it in a password manager). Remember, anyone with access to your recovery phrase can steal your crypto, even without your Ledger device.

  4. Always add a memo tag when sending XRP to exchanges: It's essential to include a memo tag when sending XRP to exchanges. Failure to do so may result in lost or stuck funds, as exchanges use memo tags to identify and credit individual accounts. Double-check this information before confirming transactions to avoid any issues.

By staying informed and vigilant, we can work together to fight back against scams and protect the community.

Keep your recovery phrase secure, and be cautious when using apps and communicating with people claiming to be Ledger employees.

Stay safe! πŸ™

2 thoughts on “🚨 XRP Community – Beware of Crypto Scams, Protect Your Recovery Phrase & Funds”

  1. The Ledger subreddit is continuously targeted by scammers. Ledger Support will never send you private messages. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it’s from Ledger. Only keep the recovery phrase as a physical paper or metal backup, never create a digital copy in text or photo form. Learn more at https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/

    I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

  2. Couldn’t it theoretically be possible that a malicious chrome extension overlaps the official Ledger Live site when you are visiting it on chrome with a fake download button for a fake Ledger Live?

Comments are closed.