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The Ledger crypto self-custody service has issued a security alert to XRP token holders, warning them about the increasing number of scam attempts targeting the community. These scams have become more sophisticated, with scammers using deceptive airdrops to trick users into compromising their digital assets. One concerning trend is the use of deep fake technology to create false narratives involving Ripple CEO Brad Garlinghouse, promoting fraudulent giveaways. Ledger has provided some preventive measures for XRP holders to protect themselves. Firstly, users should avoid transferring funds to unfamiliar wallet addresses, as this can lead to irreversible losses. Secondly, they should be skeptical of offers that seem too good to be true, such as promises of receiving double the amount of XRP sent to a particular address. Lastly, users should guard their 24-word recovery phrase, as revealing it can result in a total loss of assets. The recovery phrase is a critical backup and recovery tool for accessing crypto wallets. Ledger’s alert serves as a reminder for XRP holders and the broader crypto community to remain vigilant and adopt best practices to safeguard their digital assets.

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