Connect with us

Hi, what are you looking for?




The Rundown

  • XRP Users Hit Hardest by Fake Extension
  • Always Follow Best Practices Online

Ledger users, beware. There are some bad actors operating right now looking to seize your backup seeds. If you see an ad on a Google search for a Ledger Live Chrome extension – avoid it like the plague. According to xrplorer forensics, around 1.4MN XRP has already been stolen so far–but all coins are at risk.


Yesterday, xrplorer forensics put out a warning tweet telling its followers that more than 200k XRP had been stolen in the past month. This is due to fake “Ledger Live” Chrome extensions that are stealing its victims’ backup phrases to get its hands on their cryptocurrency. It warned that:

Accounts are being emptied

The XRP forensics explorer only had data pertaining to XRP. However, it warned that all cryptocurrencies were at risk, saying:

We don’t have figures from other currencies. Don’t EVER download tools for your hardware wallet from other places than the vendor directly. The screenshot shows a POST request from an extension.

Rather alarmingly, a few hours later, the XRP tracker posted a second update. Its initial figures were nowhere near the true numbers. In actual fact, it was closer to 1.4M stolen XRP:

According to further analysis, the team was able to gather that while most of the stolen XRP was still held untouched in an account, some funds had recently been sold on HitBTC. The crypto exchange has been notified, however it has so far failed to officially respond to the issue.


This latest warning doesn’t just apply to XRP holders or even Ledger users. This is a wake-up call to everyone in the space. With north of $4.5bn worth of cryptocurrency stolen in 2019 alone, you should always follow best practices online.

That means never clicking on links through emails to reach your wallet or exchange account. Never downloading a plugin unless you’re 100% sure of the source, and bookmarking the official page so that you can trade and transact with confidence.

There are a lot of hackers and scammers in the cryptocurrency space looking to steal your funds. Don’t make their jobs any easier for them.

News Source

Click to comment

You May Also Like


We will be inspecting historical price data and market sentiment for Ripple, so that we can establish an XRP price prediction for April 2020. Ripple...


Scammers Create a fake YouTube Account for XRP XRP Price Analysis – XRP Price Declines, the Bulls Lurking In the Short Term XRP Price...


A new job opening at Ripple is revealing the company’s ambitions to build a trading platform connected to its XRP-powered cross-border payments solution, On-Demand...

Cardano [ADA]

New Features and Better Upgrades Cardano Price Analysis – ADA Price Is  Approaching the Next Major Breakout to $0.04 Cardano News Update – Cardano...

Copyright © 2020 Elevenews