There are increasing incidents of phishing attempts on the XRP Ledger, where users complain of seeing a small payment with a memo indicating that someone is attempting to hack into accounts of unsuspecting users.

A Reddit user having an XRPL account cautioned his co-XRP enthusiasts to be careful of clicking through memo with some small payment with memo like “NETWORK ANNOUNCEMENT: Ripple unlocks 50% stake in XRP, indicates massive airdrop www.claimxrp.com”.

Checking further, it was discovered that a fake website (claimxrp.com) has been behind the initiative. On clicking the link, it redirects to Ripple. The fake website redirects to HTTPS://RIPPŁE.COM/INSIGHTS/ (note that the L in this “RIPPŁE” come with a stroke). The site is a replica of RIPPLE.COM. The main difference is that the L in Ripple is without a stroke.

Upon clicking the fake site, users are directed to an article with headline “Ripple unlocks 50% stake in XRP, announces massive airdrop.”

The article explains the airdrop, and have some links that point to a fake bithomp.com site. What the hackers did here was that they replaced the ‘m’ in bithomp with ‘n’.

Upon reading the articles, the website will demand that readers send their private keys to receive an airdrop. Once the private key is sent, the hackers will not send any airdrop and the user fund would be carted away afterward.

Ripple-Funded Remittance Firm Partners UAE-Based Non-Bank Transfer company

Ripple partner, MoneyGram, has just made an exciting move to expand its market tentacles in the Asia Pacific region by collaborating with a UAE-based non-bank transfer service company, Lulu Financial Holdings affiliate.

The account of the partnership was made on January 20. Through the deal, MoneyGram will enjoy scores of benefits.

Lulu, a worldwide non-bank firm that offers cross border remittance services through mobile application, will utilize MoneyGram API-driven platform, hence accelerating the latter’s globalization.

Lulu is a big company, and it has set a record of sending US $149 billion to East Asia and the Pacific, thus an avenue for MoneyGram to greatly increase it market share in the Asia-Pacific region though the mobile app-oriented transfer company.

Lulu Money has over 5 million customers and executes 1.1 million transactions annually on its multi-channel payment platform.