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Ripple CTO Warns Against XRP Scams as Court Ruling Reignites Hype

Ripple Labs won a court case that declared XRP is not a security, leading to a significant increase in the token's market price. However, Ripple CTO David Schwartz warned investors of potential scams that may arise as a result of the hype.

Scammers often imitate Ripple's official website to promote fake giveaways and airdrops, intending to gain access to victims' crypto wallets. In April 2023, YouTube helped recover a hacked channel with 2.4 million subscribers that was used to promote XRP scams.

XRP $0.52

+2%

XRP security

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Ripple CTO Warns Against XRP Scams as Court Ruling Reignites Hype

All Comments

Recommended for you

ZachXBT: Crypto exchange M2 was hacked yesterday and about $13 million was stolen

NFTScan Site: Elevate Your NFT Project with Premium Blue Checkmark Verification and Powerful Project Management Capabilities

SlowMist: The theft of 1.67 million EIGEN tokens originated from an external malicious attack

Tapioca DAO suspected of security attack

EigenLayer X account suspected to be hacked, posting fraudulent links

The front-end of DEX Ambient on the Scroll chain is suspected to have been hacked

SlowMist: About 55 million DAI that were stolen were sent to different addresses and most of them were converted into ETH

Cyvers Alerts: A phishing address converted assets into 2,881 ETH and then transferred them to two addresses

Ronin COO: Ronin bridge has been temporarily disabled, more information will be released later

Bloomberg ETF Analyst: XRP ETF may be the next exchange-traded fund product to be launched

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