Scammers Are Spoofing Bank Names on XRP Ledger as RLUSD Integration Grows
- —Scammers create vanity addresses such as rBankxxx and issue tokens like $BANKxxx
- —The scheme was triggered by Cross River Bank's RLUSD tests and Evernorth's 473 million XRP transfer
- —Phishing sites urge users to "verify" wallets or swap XRP for fake bank tokens
- —Vet_X0: only a post on the bank's official press site confirms legitimacy
Why it matters: Growing institutional interest in XRPL is widening the surface for social engineering rather than technical exploits.
Source: U.Today
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