Update Fraud $LTC $BCH $XLM

Software is constantly updated, and cryptocurrency platforms are just a form of software. Therefore, investors react quite calmly to news about updates, which is what fraudsters take advantage of. Within the framework of an "update," they can easily trick cryptocurrency owners into giving up their private keys.

Update fraudsters can leverage legitimate migrations, such as the recent Ethereum merger. This is why the Ethereum Foundation and Robinhood even issued a special warning to users to be "on high alert" for potential fraudulent activities related to updates.