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A new and deeply concerning threat is sweeping through the XRP community — one that doesn’t exploit code or technology, but human vulnerability. Several XRP holders have reported sudden wallet drains after interacting with what appeared to be legitimate support accounts. The scam’s sophistication and emotional manipulation tactics have left many users shocked, underscoring a dangerous new wave of phishing schemes targeting XRP investors. The Rising Scam Targeting XRP Holders The crypto industry has long battled phishing and impersonation attempts, but this latest scam has taken things a step further. Fraudsters are now calling victims directly, pretending to be representatives from trusted XRP ecosystem projects. The scheme has recently intensified, with one fake profile impersonating the official Xaman (formerly Xumm) wallet support team — and convincing unsuspecting users to compromise their wallets. The fraudulent account, identified as @Xaman_XRPL_Xahau, used authentic branding, developer titles, and realistic messaging patterns to build credibility. Once trust was established, victims were contacted through direct messages and even phone calls, being urged to “update” or “clear cache data” on their wallets — a ruse to gain access to sensitive information. THIS FUCKER IS CALLING PEOPLE AND DRAINING XRP FROM THEIR WALLETS BEWARE- this is not a real account. He is a scammer and pretending to be support from Xaman. DO NOT INTERACT. People have been getting drained left and right. pic.twitter.com/Eh98YcLrTI — JENNA X (@JennaXCrypto) October 28, 2025 Jenna X Raises the Alarm The alarm was sounded by JENNA X, a well-known figure in the XRP community, who took to X to expose the scammer. In her post, she revealed the fake profile and warned users against interacting with the account. The impostor claimed to be a “Lead Developer” for Xaman and was reportedly contacting XRP holders to “help with wallet issues.” According to JENNA X, multiple users who engaged with the scammer had their XRP holdings drained shortly after these interactions. Her post quickly went viral among the XRP community, prompting discussions about user awareness, security practices, and the growing threat of impersonation fraud. How the Scam Works The phishing operation follows a familiar yet effective playbook. The fake support account first mimics official Xaman communication styles and visual elements. It then initiates private conversations that gradually escalate to phone calls. Victims are persuaded to follow “support steps,” such as updating their wallet software, providing verification details, or signing “security requests.” We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 In reality, these requests are malicious prompts designed to extract recovery phrases or trigger unauthorized transactions. Once a user complies, the attacker gains immediate access to the wallet, often transferring XRP and other assets in seconds. Xaman’s Official Response and Safety Measures Xaman’s official channels have repeatedly warned users that the company will never initiate DMs, phone calls, or requests for secret keys or seed phrases. Support is only provided through verified contact points on the official Xaman website or directly within the app. The team has also urged users to double-check account handles and report any impersonation attempts immediately. Experts recommend that XRP holders maintain strict operational security by avoiding unsolicited messages, confirming URLs before signing in, and storing seed phrases offline. If a breach is suspected, users should immediately move remaining assets to a new wallet created from a clean device and report the incident. A Growing Threat in the XRP Community JENNA X’s warning serves as an urgent reminder that digital theft often begins with psychological manipulation, not technical exploitation. As XRP adoption grows and on-chain liquidity increases, scammers are adapting their methods to exploit trust and familiarity within the community. For XRP holders, vigilance is no longer optional . Every direct message, phone call, or “urgent update” request should be treated as potentially fraudulent unless verified through official channels. The message is clear: never share your seed phrase, never follow external update links, and never believe a random “support” message — no matter how convincing it sounds. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Another Critical Warning for XRP Holders appeared first on Times Tabloid .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Massive Bitcoin Investor Move: $163.2M BTC Lands on Kraken, Sparks Speculation
BitcoinWorld Massive Bitcoin Investor Move: $163.2M BTC Lands on Kraken, Sparks Speculation A significant development recently stirred the cryptocurrency market: Owen Gunden , an early Bitcoin investor , executed a substantial deposit of 1,447.56 BTC, valued at approximately $163.19 million, to the Kraken exchange. This move, alongside a transfer of another 2,361.73 BTC ($266.20 million) to a new address, was meticulously tracked by Onchain Lens and has ignited considerable market discussion. When such a considerable amount of Bitcoin moves to an exchange, it is often interpreted as a potential signal of an intention to sell, prompting many to ponder the intentions of this seasoned market participant. What Does This Massive Bitcoin Investor Deposit Signify? Deposits of this scale to centralized exchanges are invariably under intense scrutiny by market analysts. Historically, these movements suggest that the holder might be preparing to liquidate some of their assets. For an individual like Gunden, whose associated address still retains a staggering 7,150 BTC (worth around $806.44 million), such a deposit can undoubtedly send ripples across the entire market. Potential Selling Pressure: A large influx of BTC onto an exchange could increase the available supply, potentially leading to downward price pressure if a significant sell-off materializes. Market Sentiment Impact: The actions of prominent early holders can significantly influence broader market sentiment, prompting other investors to reassess their own positions. However, it is crucial to understand that a deposit does not always culminate in an immediate sale. Various factors could be at play, including portfolio rebalancing, utilizing exchange services for other financial instruments, or even preparing for large over-the-counter (OTC) deals that bypass direct impact on spot market prices. The Enduring Influence of Early Bitcoin Holders Early Bitcoin holders, often termed “whales,” control a substantial portion of the total Bitcoin supply. Their strategic movements are frequently perceived as indicators of market confidence or impending caution. Owen Gunden exemplifies these pioneers who acquired Bitcoin when its value was dramatically lower than today. Their decisions, due to the sheer volume of their holdings, carry significant weight. The fact that Gunden’s address still holds a massive 7,150 BTC after these recent transfers underscores the profound long-term conviction many early adopters possess. While a portion was directed to Kraken, an even larger sum was moved to a fresh address, potentially signaling a strategic reallocation of assets rather than a complete divestment. Navigating Volatility: Actionable Insights for Every Investor For everyday participants in the dynamic crypto market, observing these large-scale movements offers invaluable lessons. While it is tempting to engage in immediate speculation, adopting a measured and informed approach is consistently the most prudent strategy. Stay Informed: Diligently monitor on-chain analytics and consult reputable news sources to comprehend significant market movements. Diversify Your Portfolio: Avoid concentrating all your capital in one asset. Diversification is a powerful tool to help mitigate risks associated with large market shifts. Implement Robust Risk Management: Develop a clear, predefined investment strategy and adhere to it, rather than reacting impulsively to the actions of large holders or market FUD. Embrace a Long-Term Perspective: Bitcoin’s journey has been characterized by notable volatility. Focusing on the long-term growth trajectory can help investors navigate and withstand short-term fluctuations. What’s Next for This Noteworthy Investor and the Broader Market? The cryptocurrency community will undoubtedly continue to closely observe Owen Gunden’s address and the Kraken exchange for any subsequent activity. Will the deposited BTC be sold, or is this merely a strategic repositioning within a larger financial plan? The resolution of these questions could have short-term implications for Bitcoin’s price action and market sentiment. Ultimately, the actions of a single influential holder, even a significant Bitcoin investor , represent just one facet of the intricate puzzle that defines the crypto market. Broader macroeconomic trends, evolving regulatory frameworks, and increasing institutional adoption continue to exert pivotal influence over Bitcoin’s long-term trajectory. Compelling Summary: A Whale’s Strategic Move Sparks Market Watch The recent substantial deposit by early Bitcoin investor Owen Gunden to Kraken has undeniably captured significant market attention. While such large-scale movements often hint at potential selling, the subsequent transfer of an even greater sum to a new address suggests a more intricate, strategic repositioning. This event powerfully highlights the immense influence of major holders and serves as a vital reminder for all investors to remain informed, practice diligent risk management, and maintain a resilient long-term perspective within the ever-evolving world of cryptocurrency. Frequently Asked Questions (FAQs) Q1: Who is Owen Gunden? A1: Owen Gunden is identified as an early Bitcoin investor , known for holding a substantial amount of BTC acquired in the early days of cryptocurrency. His recent movements of significant Bitcoin holdings have drawn considerable market attention. Q2: What does a large BTC deposit to an exchange like Kraken signify? A2: A large deposit of Bitcoin to a centralized exchange such as Kraken is frequently interpreted as a potential intention to sell. Investors often move their assets to exchanges when they plan to liquidate holdings, though it can also be for other purposes like portfolio rebalancing or engaging in over-the-counter (OTC) deals. Q3: How do the actions of early Bitcoin investors (whales) impact the market? A3: Early Bitcoin investors, often called “whales” due to their massive holdings, can significantly influence market sentiment and price action. Their large transactions, whether deposits, withdrawals, or transfers, can create speculation, increase volatility, or signal broader trends due to the sheer volume of their assets. Q4: Should individual investors react immediately to whale movements? A4: While it’s important to stay informed about significant market movements, individual investors are generally advised against making impulsive decisions based solely on whale activity. It’s more prudent to stick to a well-defined investment strategy, manage risk, diversify, and maintain a long-term perspective rather than reacting emotionally to short-term market fluctuations. Q5: What is Onchain Lens? A5: Onchain Lens is a platform or entity that provides on-chain analytics and reporting, tracking significant cryptocurrency transactions and movements on various blockchain networks, offering insights into market activity and large holder behavior. Found this analysis insightful? Don’t keep these crucial market insights to yourself! Share this article with your network on social media to help others understand the fascinating world of Bitcoin investor movements and their potential market impact. Your engagement helps us bring more valuable content to the crypto community! To learn more about the latest Bitcoin investor trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Massive Bitcoin Investor Move: $163.2M BTC Lands on Kraken, Sparks Speculation first appeared on BitcoinWorld . TimesTabloid
Coinbase CEO Meets 25 Senators in 48 Hours as US Crypto Regulation Nears Breakthrough
Crypto regulation gains powerful momentum as Coinbase’s CEO meets with 25 senators in just two days, accelerating bipartisan support for clear digital asset rules, onchain capital formation, and transformative financial system modernization. 25 Senators in 2 Days—Coinbase CEO’s Push for Crypto Law Hits D.C. Hard Bipartisan discussions around cryptocurrency regulation are gaining traction in Washington TimesTabloid
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