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    AI scam targets Ripple holders and memcoin trader loses it all: Crypto-sec

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    Scams related to cryptocurrency trading are on the rise, including an AI-generated video falsely featuring Ripple co-founder Chris Larsen and a trader losing over $300,000 to a phishing scammer. Hackers also infiltrated Internet Archive servers, illegally obtaining email addresses and passwords of 31 million users. To avoid these scams, individuals are advised to stay vigilant, verify all information, and maintain strict control of personal data such as crypto wallet information and passwords.

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    Thinking of getting into crypto? Keep your coins safe! Crypto-related scams are on the rise, and you need to know the latest scams so you can avoid them.

    A new scam doing the rounds is an artificial intelligence (AI) created video circulating on YouTube. This con job uses a fake video of Ripple co-founder Chris Larsen to trick XRP holders. The AI-Larsen in the video claims that Ripple is giving away 150 million XRP instead of burning it as they typically do each year. Viewers of the video are directed to a website where they’re led to believe they can double their XRP holdings. But proceed with caution—these emails contain a website URL where victims are tricked into sending their funds, only to lose them forever.

    Another scam to look out for involves a popular meme-coin trader. On October 14, a trader accidentally sent over $300,000 worth of MSTR2100 coins to a phishing scammer on an online platform. This mistake cost the trader gains of over $170,000. So remember to triple check everything before you hit send!

    Even registered Internet Archive account holders should change their passwords as soon as possible. Hackers broke into the Internet Archive servers stealing email addresses and encrypted passwords of 31 million users. This information could be used for future email-based phishing attempts. But the good news is that Internet Archive has requested all users to change their passwords, so your account should be safe as long as you act quickly.

    So, before you jump into the crypto world, remember that not every easy money opportunity is legitimate. Double-check emails, don’t share your crypto wallet information, and always, always, keep your passwords safe!

    Source: Cointelegraph

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