XRP20 Scam Crypto Coin: Don’t Be A Victim!
Don’t fall for the XRP20 coin, it is a scam. XRP20 which mimics the name of Ripple’s XRP is a scam digital currency. Investors can only buy the coin and HODL, all attempts to sell it proves futile even after paying the fees.
Here’s what an investor has to say on Reddit;
Xrp20 is 100% a scam.I payed my school fees. I then decided to see how low they would stoop. When you contact their so called support they will send you a link to “fix” the issue. Part of this link contains a form requesting your recovery phrases to ” authenticate” your account. No I wasn’t THAT stupid. Lesson learnt though. Don’t do pre-sales, and just because it’s all over the net doesn’t mean it’s legit.
Meanwhile, earlier in August, the Crypto Key Opinion Leader (KOL) Mr. Huber warned against falling for the scheme, clarifying that XRP20 is not affiliated with Ripple or the XRP ecosystem.
Please note that scams are being replied to this Tweet. The is NO “XRP Giveaway” from Ripple, Period!
— James Rule XRP (@RuleXRP) August 12, 2023
Binance.com also issued a warning in their news section in August.
The XRP20 Scam Format
The scammers behind XRP20 trick people by selling the coin 30 times cheaper than XRP. Investors are attracted by the low price. In reality, the cryptocurrency has no value or purpose. Right now, the trading volume for XRP20 has plummeted to less than $10k this Friday, marking the first time it has reached such a low level. There’s a likelihood that it wouldn’t recover.
