Wallet-Ripple, MyRippleWallet Review- It’s a SCAM!

Wallet-ripple.com looks like a legitimate operation at first glance. It offers Ripple wallet services, and it delivers a perfectly reasonable pitch: create a wallet at the site and start sending and receiving Ripple – considered by many the best virtual money out there. So far so good. Wallet-ripple.com does not carry any of the telltale traits of cryptocurrency scams, such as wildly generous and consistent profits, a pyramid scheme element and wild claims about how the operation generates its profits. Everything is very straightforward: just register and use the wallet. All the above is what makes this in-your-face scam all the more dangerous.

wallet-ripple.com - WalletRipple
Wallet-Ripple.com

The Wallet-Ripple.com Problem

Nowadays, scams which just take their victims’ monies and run off with the funds are few and far between. Unfortunately, with wallet-ripple.com, we may indeed have happened upon such a scam. What exactly are we talking about? A while ago, we received a complaint from a wallet-ripple.com user, who transferred more than 1k Ripples to his newly created wallet-ripple.com wallet. The funds never showed up in his account, despite the fact that Ripple transfers are indeed supposed to be instant.

If you fancy giving this operation a go, please: be reasonable enough to make a small test-transfer first, of 10 Ripple or so, to see if it goes through (it won’t).

Anyway, the above said user was kind enough to share with us the wallet address he was assigned by the wallet-ripple system. This address is rUocf1ixKzTuEe34kmVhRvGqNCofY1NJzV. Here’s why we feel comfortable sharing it with you here: having read the complaint (and several others at Reddit), we decided to give it try, and we created a wallet-ripple.com wallet too. Lo and behold: the address assigned to us was (you’ve guessed it): rUocf1ixKzTuEe34kmVhRvGqNCofY1NJzV. This is apparently the address “allocated” to all those who are sucked into this scam, and this is indeed where all the ripples go.

Having run it through a Ripple blockchain explorer, we realized that unfortunately, the scam was a very successful one. Even now, people are sending Ripples to the above listed address, effectively handing them over to the scammers. Every now and then, 10,000 XRP are moved from this address to another, rLZXZeFSLrcRHngHGoo9PTsyjoSUB4QCd9, which collects the proceeds of the swindle and then moves the funds on, in batches of 300,000 XRP.

Yes, it is hard to believe scams can be this simple and straightforward, but sometimes a scam is just a straight-up, grab-the-money-and-run setup, without any of the usual bells and whistles.

More Red Flags (not that any are needed really, after the above-said)

The website used for this scam has been created on November 9, 2017, so it is a really “young” “initiative.” The domain is registered to a certain Thomas Viva Vivas, who allegedly resides in Norway (at Nedre Movei, 68 Nesoddtangen). The name is obviously a fake one, and while the address is real (probably just a random pick), the phone number provided by the whois listing is a fake one as well.

Account creation is as simple as giving a name and an email address. The perpetrators do not want to erect needless obstacles in the path of their would-be victims.

The About Us section of the wallet-ripple.com site provides no information on the people/organization behind the operation. The contact section does feature an address though, Hertaksentie, 2. Vantaa, 01300, as well as an email address: [email protected] The name Petteri Kolehmainen is real, though the actual identity used here is most likely fake. The Petteri Kolehmainens you will find out there, don’t seem to have anything to do with this scam.

Complaints

Reddit seems to be the primary channel for wallet-ripple victim complaints. The community feedback generated by these complaints is scathing: people are very straightforward about calling this shindig a bold-faced scam.

Popularity

According to the Alexa.com, Wallet-Ripple.com was not a very popular site, as of November 2017. It had a global rank of 2,838,164. Most of its traffic came from Germany and Cote d’Ivoire.

WalletRipple Review Conclusion

Touted as “One frictionless experience to send money globally), wallet-ripple.com is more of frictionless way to suck your Ripples out of your pocket. The rudimentary nature of the scam seems to be its strength rather than a weakness. People simply transfer Ripples into the perpetrators’ wallet, and that’s the end of it.

Besides the direct damage they do, such daringly straightforward scams give the entire crypto industry a bad name. Steer well clear of this operation, and DO NOT have any Ripples transferred to the address they give you. As soon as you do, your Ripples will be gone for good.

Spread the word about this scam, and let’s shut this stain of shame down as soon as possible!

Review Verdict: Wallet-Ripple is a SCAM!

Blacklisted Site: Wallet-Ripple.com & MyRippleWallet.info

Were you too scammed by Wallet-Ripple? Please share your feedback with us by submitting a comment below!

Need a secure wallet for your Ripple, go with Ledger Nano S.

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