Warning from Ripple’s CTO
David Schwartz, the Chief Technology Officer of Ripple, has alerted the cryptocurrency sector about a concerning scam directed at XRP holders. This announcement came after Schwartz took to X (formerly Twitter) to express his worries regarding a deceitful individual who was attempting to mislead users by promoting a fraudulent Telegram group. This scammer prompted followers to click on a link found in their bio, clearly aiming to exploit unsuspecting enthusiasts in the crypto community.
Repeated Scams and Community Vigilance
In his posts, Schwartz underscored that this person was repeatedly trying to push the same scam, albeit under different aliases, suggesting a systematic effort to misinform and trick people.
The XRP community has seen its share of fraudulent attempts in the past, particularly as Ripple’s prominence grows and the interest in XRP increases. These scams often involve impersonating credible figures within the industry, thereby capitalizing on the established trust among community members.
Ripple’s Ongoing Efforts
Schwartz has been vigilant in calling out these scams, having previously highlighted similar schemes throughout the year. The Ripple team has actively warned users that no one—be it Ripple executives or employees—would ever solicit XRP or require individuals to send any cryptocurrency.
Warnings from XRPL Wallet Provider
Adding to the concerns, XRPL wallet provider Xaman also cautioned its users about scammers masquerading as their support personnel. They clarified that legitimate assistance is only available through the official Xaman Support xApp within their application, emphasizing that the support team will not initiate contact with users on social media platforms.
Staying Vigilant in Crypto
As the cryptocurrency landscape continues to face threats from malicious actors, it’s essential for crypto holders to stay vigilant. Users are advised to refrain from clicking on dubious links and to verify the authenticity of accounts before engagement, reinforcing a culture of caution within the rapidly evolving crypto market.
“Be cautious and verify before engaging with anyone that claims to represent our team or solicit information.”
