Following the recent increases in the crypto currency market, XRP fraud attempts have increased. Ripple 
$3.45 Company and CEO Brad Garlinghouse called investors to be careful about such false investment opportunities. Garlinghouse’s warning indicates that the rise in the XRP price increases fraud cases.
XRP fraud cases increased
The information shared by Ripple, after the value of XRP, an increase in investment frauds about Altcoin was transferred. With the rise of interest in crypto money, fraudsters began to reach more people with fake projects and opportunities promising to return to investors. Investors were advised to be careful against high return advertisements and suspicious proposals.
Garlinghouse emphasized the importance of increasing protective measures against investors. XRP’s popularity is used by criminal elements, so users should be more sensitive to protecting their personal information and capital. Crypto investors’ application – the reason will surprise you!
Ripple officials and CEO Brad Garlinghouse warned users against fake investment announcements from various social media platforms. Garlinghouse said in a statement, carefully issued investment decisions and not to get information from the sources whose accuracy is not accuracy:
Brad Garlinghouse: uz We warn our investors to be cautious against fake XRP opportunities (!). Messages and announcements from unreliable sources should not be respected. ”
Especially advertisements on the Internet and social media shares were asked not to be processed without verifying the reality. Among the measures that could be taken against fraud attempts, only official explanations and reliable sources were used.
Precautions that can be taken for investors
Experts offer various suggestions to ensure that investors act consciously in order to prevent frauds. Among these suggestions, information from official sources, rejection of demands from unknown people and not sharing special information is in the first place.
Investors should be more careful about similar counterfeit investment plans. While investing in crypto assets, it was stated that misleading content on the internet may increase and the demand of the proposals made with the promise of rapid earnings was due to malicious people.
Acting under the supervision of people who will invest in crypto money markets, official explanations and reliable institutions may contribute to the reduction of safety risks. As in the XRP example, sudden increases in asset prices cause malicious people to target investors. For this reason, it is recommended to show extra sensitivity to suspicious proposals during market mobility. The best way to protect against things such as fake youtube live broadcasts, trap ads on social media and so on is to close the screen when you see the campaigns, opportunity and so on.
The approaches proposed to investors include conscious decision -making process, listening to information on official and reliable channels, and direct communication with authorized institutions in any suspicious situation. Financial security is gaining more importance in parallel with the developments in digital asset markets. The fact that investors are prepared and conscious against unexpected risks can help prevent grievances.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
