XRP Giveaway Scams : 3 Things You Should Know About The Latest Scam Technique
Scammers are always finding increasingly sneakier methods to come after your hard earned money. The latest mode of operation to join the hundreds and thousands of scam methods is the XRP, better known the commons as Ripple, giveaway scam, which has been actively reported in the US and also a few neighboring regions where the Ripple digital currency transfer platforms is being heavily used.
The main idea with the Ripple platform is to be able to move amounts of currency and points that denote some form of monetary valuation, as swiftly as possible without borders, and at the same time at the lowest possible costs. The platform allows transfer of not only cash from bank to bank, but also transfer of cryptocurrency and even airline miles, all at a click of a button, no matter where you’re located.
This is where the scammers have hopped onboard. The Ripple system allows anyone to transfer anything with monetary value freely, based on a public ledger scheme, whereby everyone knows what is being transferred, how much and where, just without the information about who it’s being transferred to.
Checking with our Quick Email Lookup would help you to find where these Scammers are located.
Scammers Play A Simple Method To Easily Lay Hands On Your Cash Stash.
# 1 They Operate as Clusters
They always say that strength is in numbers and this rings true in the case of XRP scammers. They work in groups to transfer small amounts of money at a time, to a concentrated transfer point, which would be the central accepting account for the scammer group, after which spoils will be divided equally. In a few rare cases, the scammers are known to have been operating more than one account in the particular cluster, just to cover more ground. As of now, Ripple has managed to uncover two main clusters of scammers and are keeping an eye for any more that correlate.
# 2 They Entice You
Like all scammers do, XRP scammers promise you all the things that seem too good to be true. They would coax payments out of you by enticing you with the idea of having a small payment paid today, in order to qualify, and getting a larger return transferred to you at a later date, the so-called “giveaway”. They can reach you via multiple channels, either social media, through fake customer support sites, claiming to be from a reputable company that is organizing such giveaways.
# 3 They Know Transfers are Final
Since Ripple is a transfer platform with no gateway system to verify the details of the transfers, as do banks, the amounts can be easily transferred over and the funds eventually will be lost without a trace. All transfers made are final and there is no way to callback a transfer once it has been made, which is basically the model Ripple is built on. Through this system, the scammer gets the funds almost instantly, without having to deal with the two-step verification and identification processes as with standard bank scams, but how safe are banking online apps and frauds.
When transferring on Ripple, be sure to verify the account that you are transferring to and don’t get sucked into the sweet promise of doubling or tripling what you have at hand. Scammers already have in place foolproof methods to anonymize the transfer of your money and hide it away in an obscure XRP account, which would be almost untraceable.
If you suspect that you are being contacted by any one of these XRP scammers, a Quick Email Lookup would be able to give you details on the scammer and where they are located, as made publicly available.
Disclaimer:
The above is intended for informational purposes only and does not constitute a legal advice or specific recommendations in any way.
