• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Important: XRPScan's Warning on Dubious XRPL Account

user avatar

by Giorgi Kostiuk

9 months ago


A recent announcement by XRPScan drew attention to the dissemination of information about an allegedly US government-associated account linked to XRPL.

Warning from XRPScan

In a popular tweet, XRPScan alerted users to exercise caution regarding information about an alleged government account on the XRP Ledger. They recommended thorough verification before trusting, buying, or selling tokens on the public ledger.

XRP Community's Reaction

The XRP community actively engaged in discussions following the announcement. Many users, including prominent XRPL developer Wietse Wind and Ripple's CTO David Schwartz, expressed skepticism about the account truly belonging to the US Treasury.

Experts' Security Tips

Wietse Wind emphasized the importance of verifying information in an open infrastructure and noted that the domain field is public. On his part, David Schwartz explained that verifying account ownership can only be confirmed if the domain name and the TOML file match.

The Domain field can only be set by the account owner; the TOML file can only be set by the domain owner. If they match, that's a provable connection.David Schwartz

In light of the XRPScan warning, it's crucial for the community to remain vigilant and thoroughly verify information to avoid misinformation and misuse on the blockchain.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Record Surge in Solana Futures Trading Reflects Growing Investor Interest

chest

Record surge in Solana futures trading reflects growing investor interest.

user avatarKaterina Papadopoulou

USDC Treasury Burns 65 Million USDC on Ethereum

chest

The USDC Treasury burned 65 million USDC on the Ethereum blockchain, impacting the DeFi ecosystem.

user avatarMaya Lundqvist

The Centralization of AI and Its Consequences

chest

The rapid advancements in AI technology are primarily benefiting developed nations, leading to a dangerous centralization of AI resources and capabilities.

user avatarLeo van der Veen

Binance Lists New Altcoins Amid Market Volatility

chest

Binance announced the listing of two altcoins, LAB and RIVER, amid declining risk appetite in the cryptocurrency market.

user avatarAisha Farooq

Decentralized Compute Marketplaces as a Solution

chest

Decentralized compute marketplaces powered by blockchain technology could democratize access to AI resources and foster innovation in emerging economies.

user avatarLi Weicheng

How to Protect Yourself as an Investor in the Altcoin Market

chest

The article provides tips for investors on how to safeguard their investments against market manipulation in the altcoin space.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.