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Alleged Stellar Lumens [XLM] scam: Twitter user exposes phishing fraud involving free ‘Stellar Lightning’ tokens

Namrata Shukla

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Alleged Stellar Lumens [XLM] scam: Twitter user exposes phishing fraud involving free 'Stellar Lightning' tokens
Source: Pixabay

The cryptocurrency market has seen many scams recently, for people to turn into a skeptic. Even though the type of scam changes, this time there is an unidentified person or a group who are phishing for people’s public key for giving out free Stellar Lightning [XLL], which the hackers say has come into existence due to Stellar Lumens fork.

The group or the individual indulged in a phishing attempt, which means they sent out fraudulent emails to people claiming to give them this newly formed token to XLM holders at a 1:5 ratio. One of the Twitter users, @sniko_ figured out the scam and informed the rest of the community about it.

The Twitter user tweeted:

“There is #phishing scam going around targeting $XLM users phishing for your secrets!”

Source: Twitter

Source: Twitter

The user mentioned that the scam is run under the domain name of xllwallet[.]com AS206397. People receive a mail where the subject line says “Get free XLL- Stellar Lightning!”, which envelopes a link directed to a page which asks the users to enter their private key in order to get this made-up token.

Source: Twitter

Source: Twitter

The Twitter user tagged Namecheap, which provides services on domain name registration, GeniusGuardCom, that specializes in DDoS protected web hosting and Stellar Organization to take note. Namecheap was prompt to reply and said:

“Thanks for reporting, Harry! The corresponding team is checking the website now.”

The user also informed the community that the domain was blacklisted by @EthAddrLookup, the Twitter users page and @metamask_io users. MyCrypto.com also informed the users about this scam on Twitter when another user asked them to confirm the legitimacy of this website. MyCrpto.com posted:

“Confirmed scam / phishing. 💀🎣There is a whole network of sites capitalizing on your fear surrounding the fork. Don’t fall for it! Don’t give them your private keys (or keystore files or seed phrases!)”.

Another Twitter user, @FlyGuyInTheSky pointed towards another site that was promoted by @myetherwallet. The tweet by the user read:

“@MyCrypto Please confirm that #etcv is a #scam Many people will be giving away their private keys. @myetherwallet is supporting them? They ask people to download an official ETCV wallet and use their #ethereum private key. Just noticed site „suspended“”.

Source: Twitter

Source: Twitter





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Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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