XRP Holders Targeted by Fake Ripple Tiers Scam, $19M Stolen

A phishing campaign targeting XRP holders has emerged, with scammers impersonating Ripple to promote a fake 'XRP Holder Tiers' program. Victims were lured to a malicious website promising rewards, where they were tricked into connecting their wallets and revealing recovery phrases. The XRP Ledger Foundation confirmed the announcement was fraudulent, emphasizing that Ripple has not introduced any such program. BankXRP, a community account, warned users to avoid suspicious links and protect their credentials. The scam has reportedly resulted in $19 million being stolen from victims, with law enforcement in Seoul arresting three individuals linked to a fraudulent XRP staking platform. The incident highlights a growing trend of scams exploiting trusted blockchain brands. Community leaders urge vigilance and verification of announcements through official channels.

Key Points: • Scammers impersonated Ripple to promote a fake XRP Holder Tiers program. • Victims were tricked into revealing wallet credentials, leading to $19 million in losses. • Law enforcement has arrested three individuals connected to a fraudulent XRP staking scheme.