Fake Ripple Livestreams on YouTube net Criminals Plenty of XRP

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Cryptocurrency scammers are exploring new ventures. For some, the focus has seemingly shifted to YouTube. This new method of attack has proven to be rather lucrative so far. A lot of harm can be done by creating fake video content. Whereas the recent Litecoin YouTube scam got some attention, it appears this is not the first iteration of fake crypto news. In previous weeks, criminals have primarily targeted holders of Ripple’s XRP. Criminals Defraud XRP Holders The approach is relatively straightforward. Someone – or a group of individuals – creates new channels on the video streaming platform. Their approach is to host live streams that do not even really exist. By playing into the “live” angle, they then try to persuade viewers to send XRP to an address specified below the video. Users who send XRP to those addresses will lose their money. The people responsible for the video content…

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