As market interest in XRP surges, the #Ripple team has renewed its warnings over a growing wave of crypto-related scams.
The company issued an alert on X, pointing to an increase in fraudulent schemes targeting XRP holders, especially those tied to fake airdrops and impersonation tactics. According to Ripple, these scams have persisted and are now adapting quickly, using sophisticated tactics to exploit unsuspecting users during market highs.
Rise in Fake Giveaways and Executive Impersonation
One of the most common scams flagged involves fake giveaways. These posts typically promise users double returns if they send a specific amount of XRP. The messaging often mimics Ripple’s CEO, Brad Garlinghouse, and other executives, employing deepfake technology to create convincing yet entirely fabricated promotional content.
In parallel, scammers are cloning profiles of Ripple executives using verified X accounts and accurate logos. These impersonators often send direct messages or tag users in posts claiming urgent XRP developments or exclusive airdrops.
Ripple has advised users to always verify account authenticity through official channels rather than relying on post interactions or direct messages. The firm stated that these scams have become more dangerous due to their increasing use of AI-generated content, such as deepfake videos and manipulated interviews involving Ripple executives.
Malicious Wallets, Phishing Traps, and the Treasury Hoax
Beyond fake giveaways and impersonations, scammers have created malicious wallets and exchanges designed to steal funds. These platforms often masquerade as legitimate XRP wallets but serve as drainers. Ripple recommended that users stick to recognized wallet providers such as Ledger, Trust Wallet, Xaman, Atomic, and GateHub.
Phishing scams remain a prevalent threat. Fraudsters send emails or direct messages that appear to be from Ripple support, using clean branding and accurate language. These messages typically include links asking users to verify their wallets or claim bonuses...
