Ripple CTO David Schwartz exposed a cryptocurrency scam. Thus, Schwartz revealed the increasing sophistication of fraud tactics in the cryptocurrency world
Ripple CTO warned about cryptocurrency fraud!
David Schwartz raised the alarm about a new cryptocurrency scam. Schwartz revealed the increasing sophistication of fraudulent activities in the crypto space. Schwartz, the brains behind the XRP Ledger and the current chief technology officer of Ripple, recently issued a warning about a deceptive scheme targeting users of the popular NFT marketplace OpenSea. Schwartz uncovered an email claiming to be an offer from a potential buyer at OpenSea. He added a screenshot alongside the post, showing the fraudulent nature of the email. “This is a scam,” Schwartz emphasized.
Directed users to examine the legitimacy of the “Review Offer” link. He then advised them to hover over it. If the link leads to a SurveyMonkey URL, it’s flagged as a potential scam. He also stated that when clicked on the link, it led to a fake OpenSea page. But he warned that SurveyMonkey had already blocked the malicious site.
This statement comes at a time when the crypto industry is grappling with a rise in fraud cases. cryptokoin.comAs you’ve been following from , cryptocurrency scams continue to evolve as perpetrators use deceptive tactics. Ripple is not immune to such fraudulent activities, given its prominent position in the crypto space. Schwartz’s warning serves as a reminder of the need for constant vigilance within the crypto community.
Legal expert seeks answers to XRP’s removal from green list
XRP is off the NYDFS green list. Following this, leading legal expert James Murphy began investigating the background of the decision. Murphy filed a FOIA request with the New York regulator to determine the rationale for the decision. According to Murphy, it is difficult to understand why the regulator removed XRP from the green list two months after the cryptocurrency was declared not a security by a federal judge. This float requested clarification under FOIA (Freedom of Information Act).
NYDFS removes XRP from green list
The New York Department of Financial Services (NYDFS) has updated its list of approved tokens for custody and listing. This then sent shockwaves through the crypto market in September. In the update, the New York regulator removed XRP from the green list, along with two dozen crypto assets, including LTC and DOGE.
The removal of Ripple (XRP) from the NYDFS green list has sparked backlash from crypto enthusiasts, given that a New York federal judge ruled in July 2023 that XRP is not a security per se.
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