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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 6, 2020

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Verified

5

zerofriction.io

Loss Amount:

287,500

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Recovered Amount:

-

Currency:

Dollars, XRP

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Wallet

Scams

Extended Method:

Phishing attack

Data Sources:

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Phishing and scams targeting Ledger wallet owners are increasing, and one of the scam websites obtained more than 1,150,000 XRP from victims. This scam uses phishing emails to direct users to a fake Ledger website. On this fake website, the victim was tricked into downloading malware that pretended to be a security update, resulting in the theft of all Ledger wallet balances. According to the fraud identification website xrplorer operated by the community, the XRP obtained from the scam was sent to Bittrex through 5 deposits, but the exchange “cannot freeze XRP in time”.

The fraudsters used the widely used Phishing tactic to siphon the funds from Ledger users. The phishing email sent to many cryptocurrency users was directing them to a fake ledger website. The fake domain was very hard to point out as it cleverly substituted the site with a homoglyph in the domain name. The proceeds collected from the fraudulent activities were sent to crypto Exchange Bittrex, the community ran xrplorer highlights. However, the exchange could not recover the ill-gotten funds.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.