Ethereum

2024

Ripple has issued a warning to its community about a growing number of scams targeting XRP holders following the recent court ruling on Aug 9.
The company was recently <a href="https://www.cryptotimes.io/2024/08/08/judge-orders-ripple-labs-to-pay-125m-in-sec-case/" rel="noopener noreferrer nofollow">fined</a> $125 million for violating securities laws in over 1,200 sales. Since this decision, scammers have been taking advantage of the situation, leading Ripple to advise its users to be cautious.
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 And once again with Wednesday's historic victory, we've seen an uptick in scams. 🚨🚨🚨 Please beware of scam "Ripple" accounts, fake executive accounts or others promoting "XRP Giveaways" or "XRP Airdrops." Ripple and its executives will NEVER ask you to send funds anywhere. <a href="https://t.co/uGitnz71yn" target="_blank" rel="noopener noreferrer nofollow">https://t.co/uGitnz71yn</a>— Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1821928818514518429?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 9, 2024</a>
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According to Ripple, Scammers have been using the court event to trick XRP holders with fake offers and phishing schemes. Ripple is urging its users to be on the lookout for fake “Ripple” accounts, people pretending to be company executives, and false “XRP Giveaways” or “XRP Airdrops.” Ripple made it clear that it will never ask users to send money or take part in such promotions.
Moreover, there is a concerning issue about fake accounts pretending to be Ripple’s top leaders, including CEO Brad Garlinghouse. These accounts often use AI to create realistic-looking images and credentials, making them seem real.&nbsp;
Typically, the scams usually involve asking users to send some XRP with the promise of getting more in return. Ripple has warned that these offers are scams and urged users to be careful.
 Ripple also mentioned possible scams related to its RLUSD stablecoin, which is currently being <a href="https://www.cryptotimes.io/2024/08/09/ripple-begins-testing-new-stablecoin-on-ethereum-and-xrp-ledger/" rel="noopener noreferrer nofollow">tested on the XRP Ledger</a> and Ethereum mainnet. The company clarified that RLUSD is not yet licensed, and any offers of early access are fake. Ripple advised its community to only trust information from official sources to avoid being scammed.
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Ripple Warns of Rising XRP Scams After Legal Ruling

The Crypto Times

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