The Libra digital foreign money undertaking has gotten loads of consideration. Whereas there may be nonetheless no regulatory approval or official launch date, Fb continues to make headlines with it. It now seems there’s a potential rip-off making the rounds known as UpLibra. It claims there may be an airdrop underway, regardless that this foreign money doesn’t exist as of but.
What Does UplIbra Provide?
It’s all the time attention-grabbing to see how quite a few firms will declare customers can get product X, Y, or Z earlier than it even launches. That is no totally different within the cryptocurrency and digital foreign money business. Fb has introduced it could introduce Libra to the plenty in some unspecified time in the future in 2019. Whereas an formidable declare, the foreign money nonetheless doesn’t exist right now. Nor will it for a while to return, given all the pending investigations.
Protecting that in thoughts, it’s all the extra outstanding how UpLibra will provide 1 million Libra to customers who join their platform. That is an alleged airdrop of Fb’s foreign money, the place customers will earn as much as three Libra every for finishing varied duties. It’s evident this has all of the indicators of a rip-off or phishing website, as there is no such thing as a foreign money to provide away. Nor will Fb permit anybody to airdrop this foreign money till additional discover.
An OTC Buying and selling System?
One other audacious declare uttered by this platform will be discovered on its major web page. UpLibra claims it’s going to present a Libra-based OTC buying and selling system. Tons of of thousands and thousands of customers will be capable of profit from this trusted and safe platform for all their buying and selling wants. It’s attention-grabbing to see firms purpose to turn into so formidable, though it’s evident this declare must also be scrutinized before everything.
Furthermore, the corporate claims customers will be capable of commerce Libra on any system and on a world scale. Curiously sufficient, this firm may even permit customers to purchase and promote Libra in trade for cryptocurrency. It appears secure to say Fb desires nothing to do with cryptocurrencies at this level. As such, it appears moderately unlikely they might actively search buying and selling pairs with Bitcoin, Ethereum, and others. Whereas not inconceivable, it additional confirms the UpLibra platform shouldn’t be trusted blindly.
Who’s Behind it?
Discovering out who’s pulling the strings of what seems to be a possible rip-off is not any simple feat. It seems the knowledge of the area registrar is hidden from the general public, albeit that’s not unusual. The area was created only a few months in the past and acquired an replace in late August. That in itself exhibits all the pieces was put along with intent, albeit it stays unsure if that intent is certainly malicious.
On Bitcointalk, there may be a whole thread about this specific platform. A lot of the feedback should not constructive, albeit that was actually to be anticipated. There doesn’t seem like any KYC protocol in place to confirm new customers, which ought to instantly set off alarm bells. Contemplating how Uplibra additionally has a Bitcointalk account, it appears all of the extra doubtless this can be a website ought to be finest averted altogether.