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Stellar Lumens (XLM) Scam Season Has Begun In the Cryptocurrency Space

Stellar stated, Be aware, SDF will never ask for secret keys. SDF cannot reset accounts and will never send out notifications regarding user accounts. If you’ve received an email prompting the above it is an active phishing attempt and we are currently investigating.

It has already been stated that there are no active giveaways, social promotions, or “staking events.” There is a guide available which instructs on how to protect the account from scammers.

It just looks like scammers are behind every major crypto who are performing in the market.  It was Ripple screaming about scammers and now it is about XLM.

In this regard, Sydney Ifergan, the crypto expert opined:  “It just looks like the Stellar Lumens (XLM) Scam Season Has Begun in the Cryptocurrency Space. Users need to be alert.”

It just looks like thought leaders in the community are tired after Meridian 2020. November was action packed. On December 03, 2020, the Stellar Community Podcast Tyler and Kolten will reflect on the news over the past couple of months including the success of Meridian 2020, the launch of Protocol 15, and more.

Stellar Lumens (XLM) Network Effects

The Stellar Development board members are continuing to strive to achieve the network effects.

Denelle Dixon did not say much after the Meridian, probably is recollecting the best ideas from the event to make new things happen in the XLM Community. The community are expecting to see them come up with lot of new innovative ideas to drive diversity in Fintech.

The Meridian very clearly established that the global financial infrastructure should change. With Protocol 15 putting the technology to make money move like e-mail, very soon entrepreneurs will be able to help deal with the greatest business challenges.

Anchors are able to efficiently interoperate.  Experienced, hands-on engineers to design, build, and implement solutions for Stellar Ecosystem Partners have joined the network and we can expect to see more of innovative blockchain solutions for the software and financial companies.

XLM is set to be the payment entity for normal folks, which is the most important. Stellar has an awesome mission and they have a wonderful team and together they are marching ahead everyday by making improvements in baby steps with no rush, but with a clear vision of where they have to go.

We can expect to see greater growth and innovation for developers and businesses in the ecosystem, pushing the network to the next level.

What do you think?

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