In the crypto world, scammers never sleep: a fake Monero hard fork has emerged, and it intends to steal funds from unsuspecting Monero users. The project is called Monero Rings, and it is accompanied by two sites, monero-rings.org and myxrmwallet.com. But don’t be fooled—both sites are apparently fraudulent.
Too Good To Be True
Monero Rings claims to be an improved version of Monero, promising fast transactions, scalability, better mining, and even non-fungible tokens. All of these things are superficially reasonable, but the fact that the promised features have emerged out of nowhere is extremely suspicious.
The fake project was discovered by a wallet company called Guarda last week. On closer inspection, they found that the project’s code had simply been cloned from Monero itself. They also demonstrated that one web form sends users’ mnemonic seeds to the site’s own servers—allowing the fraudsters to obtain private keys and steal funds.
No Take Down Yet
Four days after its discovery, Monero Rings has still not…