Ripple has launched a new portal designed to give cryptocurrency investors a way to report malicious activity connected to the XRP Ledger.<\/p>\n
People can now fill out a request form asking Ripple to explore a long list of unusual activity, including theft, phishing attempts, giveaway scams, suspicious exchanges, money laundering, unauthorized transactions and other financial crimes.<\/p>\n
Although it will investigate matters connected to the XRP Ledger, Ripple says it will not make victims whole and cannot reverse transactions.<\/p>\n
Ledger and the users of the XRP Ledger are not customers of Ripple therefore Ripple does not have the power to reverse transactions, even in the case of a reported financial loss (ex: theft).<\/p>\n
By submitting a request to Ripple, the company says consumers are effectively giving the company permission to report the matter to US lawmakers on the federal, state, or local level.<\/p>\n
Ripple may also report the issue to international law enforcement or regulatory agencies.<\/p>\n
Featured Image: Shutterstock\/Dmitriy Rybin<\/p>\n
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Ripple Battles XRP Scams, Launches Initiative to Combat Cryptocurrency Theft, Fake Giveaways and Financial Crimes - The Daily Hodl<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ripple has launched a new portal designed to give cryptocurrency investors a way to report malicious activity connected to the XRP Ledger. People can now fill out a request form asking Ripple to explore a long list of unusual activity, including theft, phishing attempts, giveaway scams, suspicious exchanges, money laundering, unauthorized transactions and other financial crimes. Continue reading