Ripple warns on fake XRP airdrops amid US ruling

BNB Beacon Chain prepares to upgrade, hard fork will boost bridge security
Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally

After the recent ruling, XRP price surged 66%, but fake airdrop scams emerged. Ripple CTO has warned users against fraud.
Ripple CTO David Schwartz warned that scammers will try to defraud users. He confirmed there will be no official XRP airdrops.

A lot of scammers are taking advantage of the recent good news to try to cheat and steal. There are no airdrops, giveaways, or special offers associated with this ruling.— David “JoelKatz” Schwartz (@JoelKatz) July 13, 2023

Crypto Law, an organization specializing in cryptocurrency regulations, also warned about the surge of scam accounts taking advantage of the XRP ruling. They advised users to be cautious of fraudulent accounts appearing in their feeds. Crypto Law also urged not to click on the links but report and block them.

You might also like:

Bitbuy relists XRP amid improvements in Ripple vs. SEC case

Such accounts falsely claim to be XRP-related, promoting fake airdrops. The organization stressed that these accounts are frauds aiming to capitalize on the current situation.

ADVISORY: Beware the explosion of scam accounts that have already started to appear in your feeds masquerading as XRP Community leader accounts linking to a fake airdrop of XRP. They are FRAUDS, trying to capitalize on this moment.Do not click on them. Report and block them.— CryptoLaw (@CryptoLawUS) July 13, 2023

The cautionary messages from David Schwartz and Crypto Law highlight the unfortunate consequence of positive news in cryptocurrency attracting scammers and fraudsters. 

A recent report revealed that in the first half of 2023, there was an increase in crypto-ransomware assaults. The Crypto Crime Mid-Year report from Chainalysis showed that criminals have been making 77% less money than they were at the same time in 2022.

Read more:

Crypto scammers, hackers stole $450 million in H1 2023

Follow Us on Google News

Beyond Boundaries

The post Ripple warns on fake XRP airdrops amid US ruling appeared first on Ultimate Games Coins 2023.

Leave a Reply

Your email address will not be published. Required fields are marked *