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XRP Users, and by extension the wider cryptocurrency community, have been reminded to be careful online. John Deaton, a cryptocurrency lawyer and XRP enthusiast, issued a warning in an X letter mail About the increasing sophistication of fraud operations carried out by malicious actors.
Scammers exploit fear and urgency
Notably, Deaton's warning highlights how easy it is to lose one's hard-earned savings due to a simple error on the part of the user. He shared a personal story two years ago to emphasize how dangerous scammers are and how far they can go.
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According to Deaton, there is an increasing need for vigilance and proper security measures as scammers update their techniques. He explained how scammers hijacked his personal WiFi network, created fake interactions, and impersonated Uphold to manipulate him.
The cryptocurrency lawyer noted that such malicious actors typically create a sense of urgency and rely on fear. This panic can easily lead to rash action on the user's part, leading to sharing sensitive information or clicking on phishing links.
Deaton highlighted the importance of security practices to protect users online. He advised everyone to use two-factor authentication for all accounts and never share passwords, seed phrases, or private keys. He warns everyone not to doubt everyone Unwanted emailsespecially those that cause panic and call for immediate action.
Deaton urges vigilance and verification
To secure your wallet, Deaton encourages users to always verify any form of communication that claims to be from official sources. He said that vigilance and skepticism about such a matter can prevent one from becoming a victim of a scam.
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As in his personal story, scammers hacked into his home WiFi network and created a fake “Account Locked” pop-up on his screen. The hacker sent an email impersonating Uphold's official customer support and also made a phone call through them.
If Deaton had not been alert and skeptical about this interaction, he could have lost his savings. Hence, all users are warned to stay informed and avoid becoming a victim.
newly, Brad GarlinghouseRipple's CEO also condemned the activities of scammers in a post on X, calling them lowkey.
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