Metaplanet

Million

SCAM

Gains

<h3 id="what-to-know">What to know:</h3>
<ul>
 <li>David Schwartz warns XRP holders about growing fake giveaway scams online.</li>
 <li>Scammers impersonate Ripple officials using Telegram accounts, copied branding, and phishing websites.</li>
 <li>Fraudsters continue redirecting users toward phishing websites and malicious wallet addresses.</li>
</ul>
Ripple CTO Emeritus <a href="https://36crypto.com/david-schwartz-early-life-and-net-worth-the-vision-behind-xrp-ledger-and-decentralized-finance/" rel="noopener noreferrer nofollow">David Schwartz</a> has issued an important warning to XRP holders as fraudulent giveaway campaigns targeting XRPL users continue spreading across social media platforms. According to Schwartz, scammers have recently intensified impersonation attempts using fake accounts on Telegram, Instagram, and other online channels while promoting deceptive XRP airdrops and reward schemes. 
<h2 id="fake-xrp-giveaway-campaigns">Fake XRP Giveaway Campaigns</h2>
<a href="https://x.com/JoelKatz/status/2054722017321173421" rel="noopener noreferrer nofollow">In a post shared on X</a>, Schwartz stated that any giveaway or airdrop posts connected to XRP are likely scams. He also cautioned users that anyone claiming to represent him across social media platforms is most likely attempting to defraud unsuspecting investors. Many fraudulent posts promise free <a href="https://36crypto.com/tag/xrp/" rel="noopener noreferrer nofollow">XRP</a> rewards while pretending to represent official Ripple initiatives or XRPL ecosystem campaigns. 
Also Read: <a href="https://36crypto.com/metaplanet-bitcoin-bet-ends-with-massive-725-million-quarterly-loss-nightmares/" rel="noopener noreferrer nofollow">Metaplanet Bitcoin Bet Ends With Massive $725 Million Quarterly Loss Nightmares</a> 
<div class="embed-twitter">
 <blockquote class="twitter-tweet">
 SCAM ALERT: There has been a huge escalation lately in airdrop and giveaway scams targetting XRPL users lately. Any such posts you see are likely scams. 
 Anyone claiming to be me on Instagram, Telegram, or almost anywhere else is likely a scammer. 
 Stay safe XRP fam. 
 — David 'JoelKatz' Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/2054722017321173421?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 14, 2026</a> 
 </blockquote>
</div>
Additionally, attackers frequently use urgency tactics to pressure users into sending XRP before verifying account authenticity. Some fake posts advertise limited-time opportunities, while others promise investors doubled XRP rewards after completing initial transfers. Consequently, victims risk losing access to wallets and digital assets within minutes. 
<h2 id="ripple-previously-addressed-fake-telegram-activity">Ripple Previously Addressed Fake Telegram Activity</h2>
As previously reported by <a href="https://36crypto.com/xrp-scam-alert-explodes-as-ripple-issues-urgent-warning-to-millions/" rel="noopener noreferrer nofollow">36Crypto</a>, scammers have increasingly posed as Ripple recruiters, customer support agents, and official company representatives across messaging platforms, including Telegram. The trend has created confusion among users attempting to distinguish legitimate communication from fraudulent outreach attempts. 
In many cases, those accounts appeared convincing enough to mislead inexperienced crypto investors entering the market for the first time. Additionally, scammers frequently reuse public videos, executive images, and company materials to make fake promotions appear authentic before redirecting users toward phishing websites and malicious wallet addresses. 
David Schwartz’s latest statement highlights growing security concerns surrounding XRP-related scams and impersonation campaigns. Although awareness continues improving across the crypto industry, fraudsters remain highly active and continue adapting their tactics to target unsuspecting XRPL users. 
Also Read: <a href="https://36crypto.com/bitcoin-xrp-and-solana-decline-as-meme-tokens-lead-market-gains/" rel="noopener noreferrer nofollow">Bitcoin, XRP, and Solana Decline as Meme Tokens Lead Market Gains</a> 
The post <a href="https://36crypto.com/ripple-cto-emeritus-sends-important-warning-to-xrp-community-heres-what-you-should-know/" rel="noopener noreferrer nofollow">Ripple CTO Emeritus Sends Important Warning to XRP Community – Here’s What You Should Know</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Ripple CTO Emeritus Sends Important Warning to XRP Community – Here’s What You Should Know

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