Other-News
By Jean-Luc Maracon
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Official Channels Only. Ripple wants users to stick with verified communication methods.
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Legal Action Coming. Ripple's legal team isn't sitting around waiting. General Counsel Monica Long said on March 23…
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Scammers hit Ripple users hard. Multiple fake Telegram accounts are now impersonating company employees, trying to trick people into sharing personal information and potentially…
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Ripple made it crystal clear that the company doesn't use Telegram for official business at all.
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The company's security team spotted several fake profiles actively messaging users across different Telegram groups.
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Ripple wants users to stick with verified communication methods. The company's website and official Twitter account are the only places where real updates happen.
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Justin Lee, Ripple's Chief Information Security Officer, sent out an internal memo on March 20 explaining the company's response strategy.
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The company is also working with other blockchain firms to tackle the broader impersonation problem.
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Ripple's legal team isn't sitting around waiting. General Counsel Monica Long said on March 23 that the company is considering lawsuits against scammers in multiple jurisdictions.
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CEO Brad Garlinghouse announced new investments in fraud detection technology during a public statement.
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A new verification feature launched on March 22 gives users a secure way to authenticate communications.
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Ripple reached out to major crypto exchanges on March 24, asking them to monitor suspicious activities linked to Ripple-related transactions.
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The company is working with Telegram directly to remove fraudulent accounts, but there's no timeline for when that'll be finished.
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Users who suspect fraudulent activity can report it through Ripple's official website. The company provides step-by-step instructions for submitting reports.
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