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SlowMist Exposes Scam Using Malicious RPC Node Modifications

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SlowMist, in collaboration with imToken, has uncovered a new breed of cryptocurrency scam that targets users in physical offline transactions, utilizing USDT as the mode of payment.

This fraudulent scheme operates by tampering with Ethereum node Remote Procedure Calls (RPC) to defraud unsuspecting victims.

Scammer’s Strategy

Initially, the scammer persuades the target to download the legitimate imToken wallet and fosters trust by transferring 1 USDT and a small amount of ETH as bait.

Subsequently, the scammer instructs the user to redirect their ETH RPC URL to a node controlled by the former, particularly using the modified node. Through this manipulation, the bad actor then falsifies the user’s USDT balance to make it seem as though funds have been deposited.

However, when the user attempts to transfer out the USDT, they discover they’ve already been deceived. But, by then, the scammer has disappeared without a trace, according to SlowMist’s findings.

The blockchain security firm also revealed that Tenderly’s Fork feature is not only capable of modifying balances but also contract information thereby posing an even graver threat to users.

As such, understanding RPC is crucial in comprehending the mechanism of such scams, SlowMist observed. RPC serves as a medium to interact with blockchain networks, enabling users to perform various actions such as checking balances and creating transactions. Typically, wallets connect to secure nodes by default, but connecting to untrusted nodes can lead to malicious modifications, resulting in financial losses.

Suspect Address Flagged for Pig Butchering Scam

Further analysis by MistTrack revealed the depth of the scam’s operations. Investigation into a known victim’s wallet address (0x9a7…Ce4) shows that they received 1 USDT and 0.002 ETH from another address (0x4df…54b).

This address, in turn, has transferred 1 USDT to multiple addresses, indicating repeated fraudulent activities. These addresses are flagged as “Pig Butchering Scammers” by MistTrack, and are associated with various trading platforms, and implicated in multiple scam incidents.

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5 Expert Guidelines on Ripple (XRP) Prices in 2025

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Last month, an article that appeared on Nasdaq News & Insights posed the question: “Should you buy XRP while it trades under $3?”

That article, written by an individual investor who focuses on high-growth stocks, concluded that “risk-tolerant investors with a long time horizon should consider buying a small position in cryptocurrency.”

Whether or not an investor should make any investment includes factors like their own investing strategy, relevant timeframes, and other considerations.

But as far as XRP’s market price goes, here are five timely guidelines for assessing its prospects in 2025.

1. SEC Ripple Lawsuit Fizzles

The SEC lawsuit against Ripple Labs has been looming over the market since Dec. 2020. Big crypto hedge funder and former White House Communications Director Anthony Scaramucci spoke with Scott Melker on the Wolf of All Streets Podcast in an interview released on Sunday (3/2).

Scaramucci said now that fmr. SEC Chair Gary Gensler is gone, and Mark Uyeda is at the helm of the US regulator; the years-long legal battle in the US District Court SDNY is over.

The SEC, meanwhile, just dropped its Kraken lawsuit, the crypto exchange announced on Tuesday (3/4), so it’s looking good for Ripple on this front.

Massachusetts attorney and Ripple amicus brief lawyer John Deaton said in an interview that aired on Fox Business on Monday (3/3) regarding the SEC lawsuit over XRP tokens: “Trump has to drop it.”

“Here’s a thought,” Deaton said. “How about Ripple pays that $125 million fine that Judge Torres issued and start that crypto reserve with XRP?”

2. XRP Supply Schedule

A key long-term fundamental guideline for XRP’s price is the impact of its supply economics on market valuations for this top five cryptocurrency.

Valued commodities with a limited supply command higher prices as every consumer and business knows. Prices surge when there are supply shortages in the market for household staple or business expense line item.

XRP has a supply limit of 100 billion tokens that were all generated and serialized on its automated public ledger at the time Ripple launched the decentralized finance currency in 2012.

That puts it, along with Bitcoin, in a class of Internet currencies with network properties that analysts compare to “digital gold,” long-term price support driven in large measure by their scarcity.

Crypto news outlets widely circulated a report out this week by a popular anonymous crypto scam sleuth who goes by ZachXBT online. It highlighted that Ripple had transferred $109 million worth of XRP to a crypto exchange in January.

But this is actually normal for XRP. Ripple has periodically released new supplies of the decentralized currency to exchanges for years to meet demand. No alarm for markets here.

Ripple’s roadmap targets May 2027 to release the last tranche of tokens to circulate via crypto exchanges.

3. Ripple IPO, A Possibility

Meanwhile, buzz over a possible Ripple IPO in the United States is building. With the end of the SEC lawsuit near and the new crypto-friendly White House and Congress in place, Ripple may reconsider taking its shares public in the US on the NASDAQ.

Company CEO Brad Garlinghouse has previously stated that the San Francisco-based company would be looking overseas for an IPO. The firm weighed its options and thought that might be better than trading under a hostile SEC.

However, more recently, the buzz around a potential US IPO for the parent company of XRP tokens has grown again.

Financial services attorney James Murphy shared a theory on Saturday (3/1) about the SEC lawsuit. The lawyer, who goes by MetaLawMan on X, suggested it is actually Ripple Labs holding up the suit from being dropped.

Ripple might be driving a hard bargain for a settlement that would sit prettier with investors for an IPO, Murphy explained.

4. XRP Global Growth

Ripple’s expertly managed and aggressive expansion overseas has seen the San Francisco tech giant collaborate with foreign central banks and regulators on multiple projects.

Last year, Ripple made strides in the APAC region with Infinite Block in Korea.

Moreover, Ripple scored another partnership in Korea with BDACS, announced last week on Wednesday, Feb. 26. BDACS is a leading institutional custody platform for digital assets.

5. 1 Billion XRP Whale Surge

As a result of the factors listed above, among others, XRP whale activity has remained strong in support of prices in Q1 2025.

Blockchain watchers spotted XRP whale buyers purchasing a total 1 billion XRP in under 24 hours on Monday, Mar. 3. That’s according to data from blockchain insights company Santiment. Ali Martinez, a popular crypto chart analyst on X, passed along the Santiment data on Monday.

Last month, Martinez reported that whales bought 150 million XRP in under 48 hours ending on Feb. 19. At the time, he forecasted a potential move toward $2.68 for XRP.

Bonus: XRP in US Crypto Reserve?

President Trump splashed the waters last weekend when he named XRP, alongside SOL, ADA, ETH, and BTC, to be included in a potential US strategic crypto reserve. Such an inclusion had a dramatic and immediate effect on Ripple’s price, which skyrocketed by double-digits to $3.

Trump indeed signed an executive order on Thursday but failed to mention any digital asset aside from bitcoin. Nevertheless, the implementation of such a crypto reserve remains a distant plan for now, so XRP’s inclusion remains a possibility. Because of that, we will leave this under a ‘bonus’ section, but if it is a part of a US-based reserve, it would lead to significant consequences for the asset’s price.

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Al Leong Wins Prestigious Excellence in Marketing Leadership and Innovation Award, 2025.

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[PRESS RELEASE – Toronto, Canada, March 7th, 2025]

Al Leong, an award-winning marketing executive with 32 years of experience, board advisor, and recognized professional in blockchain, fintech, and decentralized finance, has received the 2025 Excellence in Marketing Leadership and Innovation Award. This recognition highlights his contributions to the blockchain and technology sectors, where his strategies have supported business growth and industry development.

The 2025 Excellence in Marketing Leadership and Innovation Award will be presented at the FUELD Conference, where innovation meets impact, blending cutting-edge marketing strategies with breakthrough technological advancements. Set against the backdrop of the dynamic cities of Las Vegas and Dubai, the FUELD Conference is a global platform that unites distinguished tech innovators and top marketing minds to explore strategies shaping the future of business.

“I am deeply honored to receive this award,” said Al Leong. “This recognition reflects not only my efforts but also the collaboration, dedication, and passion of the incredible teams and communities I’ve had the privilege to work with. It inspires me to continue driving innovation and creating meaningful change in blockchain and technology.”

Al Leong has a track record of notable contributions to the blockchain and technology sectors. At InfStones, a Web3 blockchain infrastructure provider, he led a rebranding effort that transitioned the company to a globally recognized organization headquartered in Texas. Under his leadership, the company achieved over $20 million in revenue, reached $5 billion in total value locked (TVL), and played a role in securing a $110 million USD funding round at a near-$1 billion valuation. At AmaZix, a blockchain advisory firm, he addressed operational challenges, expanded the team from 15 to over 60, and increased revenue fivefold within a year while managing a portfolio of over 40 clients, including Bancor, Casper Labs, World Mobile Chain, and PolkaCity (Polkadot). Additionally, he has served as an advisor to more than 20 blockchain companies, underscoring his extensive expertise in the field.

In addition to his professional accomplishments, Al has made contributions to the community through his extensive non-profit board experience. He has served as a Board Director for the American Marketing Association (both the Toronto and British Columbia Chapters) and held board roles with Metro Vancouver CrimeStoppers, Burnaby Hospice Society, BC Borstal Association, and AIDS Vancouver. These positions highlight his commitment to giving back and supporting impactful initiatives in his community.

This latest accolade follows a long line of recognitions for Al, including being named #4 Fintech Influencers, and #12 on Feedspot’s “60 Best Web3 Blogs” in 2024 and receiving six awards from ST STAR Awards as Global Marketing Director for Tamwood International Colleges. As a champion of ethical governance, innovation, and community empowerment, Al remains committed to shaping a more inclusive and sustainable future in blockchain and technology.

The award ceremony will take place during the FUELD Conference on March 4-6, 2025 in Las Vegas, Nevada, where Al joins a distinguished group of celebrated recipients.

For more information about Al Leong and his award-winning work, users can visit: https://www.linkedin.com/in/alleong/, and www.alleong.ca

About the FUELD Conference

The FUELD Conference is a global stage where innovation meets impact, blending the best of marketing and technology to ignite business potential. Held in the dynamic cities of Las Vegas and Dubai, FUELD is a three-day journey of learning, networking, and collaboration, bringing together distinguished tech innovators and top marketing minds. Every session, demo, and interaction is designed to arm attendees with the insights and tools needed to thrive in today’s rapidly evolving business landscape.

Media Contact:

https://www.linkedin.com/in/alleong/

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Ripple (XRP) Price Shocker: Explosive Surge or Total Collapse Soon?

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XRP’s price has been a topic of substantial discussion amid the cryptocurrency community for quite a while and it’s only picking up speed now that President Donald Trump has said that it might be included in the national strategic stockpile.

As CryptoPotato reported earlier this week, the President of the United States signed an Executive Order, confirming the creation of a strategic Bitcoin reserve, as well as a strategic national stockpile of digital assets.

Commenting on the matter was the administration’s AI and crypto czar David Sachs, who said:

The Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings. The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings. The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.

Markets Tanked, but is the XRP Price in More Danger?

Immediately following the announcement, most of the altcoins dropped substantially, erasing a lot of the gains that they had previously charted. The reason for this is, perhaps, because the Executive Order was largely a non-event.

It didn’t establish anything that investors didn’t expect and it produces little to no tangible benefits for these assets because the US Government will not be spending money to acquire them.

This has put altcoins such as XRP and ADA under the spotlight and many suspected that the contributions of their respective companies to Donald Trump’s presidential eleciton campaign had played a serious role for his announcement which caused the surge in the first place.

But, on the other hand, now that the hype is through and this catalyst has effectively died, some analysts are worried that this could cause XRP’s price to lose steam, given its massive increase throughout the past few months. The cryptocurrency is up by almost 300% in the past year alone.

There Are Other Catalysts Nonetheless

Recall that the US Securities and Exchange Commission is in a massive legal battle againt Ripple Labs over the classification of XRP as a security. So far, it appears that the company has the upper hand.

What is worth mentioning here is the latest developments following the Crypto Summit in the White House held yesterday.

Treasury Secretary Scott Bessent confirmed that the regulatory crackdown on digital asset is over, which could spell even more good news for XRP’s price in the future.

Recall also that the SEC has dropped a few major cases against prominent crypto companies without any further enforcement actions.

That said, if the same happens with Ripple Labs, then the XRP price could be in for another considerable rally.

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