#CryptoScamSurge The price gains of XRP attract scammers

The increase in the price of XRP has made the token an attractive target for online scammers. Losses from cryptocurrency scams are projected to reach $2.1 billion this year. The most common scams involve impersonating Ripple executives or promoting fake XRP giveaways.

Ripple emphasized that it will never ask anyone to send XRP, a common tactic in these scams. With the resurgence of XRP, scammers are taking advantage of investors' excitement.