XRP Users of This Top Wallet Should Pay Attention to This Warning: Details

7 November 2023

in XRP

Reading Time: 3 mins read

21Shares files S-1 application for an XRP ETF

1 November 2024

Ripple CEO optimistic about crypto post-election, regardless of outcome

24 October 2024

Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

XRP users of the Xumm wallet received a crucial warning, which should help them to stay safe while browsing the internet.

Xumm wallet users are warned that there is a scam Xumm App extension for Chrome on the Google web store, and they should not install it.

Warning 🚨

There is scam XUMM App extension for Chrome on Google web store.
DO NOT install it!

What you can do is report it for abuse.

XUMM/Xaman is mobile wallet only and there is no such thing as browser extension.

— XRPLWin 🛠️🪝 (@XRPLWin) November 7, 2023

Given XRP’s recent price outperformance, scammers keep devising new means to steal XRP funds. In this light, XRP holders are urged to beware and take protective steps against bad actors.

For Xumm owners, they should note that XUMM/Xaman is a mobile wallet only, and there is no such thing as a browser extension, as these are scams purporting to steal funds.

The Xumm Wallet team says that it does not currently offer browser plugins and has no plans to do so in the future. Xumm Wallet remains a mobile application, so users should be vigilant of scammers.

Xumm noted in its FAQ on its official website that it purposefully did not develop a browser plugin because these are vulnerable to scams or phishing attacks. Browser plugins can also be faked, rebuilt or mimicked on a webpage.

Xumm cites the same justification for avoiding developing desktop environments, claiming that they are more difficult to secure, more vulnerable to compromise (keyloggers, viruses) and “less personal” than a phone. Desktops can also be accidentally left unlocked while phones are carried by users.

As reported, Xumm issued an urgent alert to its Samsung users, in particular Samsung Galaxy S21 users, concerning an issue that caused Xumm to stop working on the device, which has now been resolved.

About the author

Tomiwabold Olajide

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

Credit: Source link