Ripple CTO Warns of Escalating XRP Scam Activity

Ripple's CTO Emeritus David Schwartz has issued a warning to XRP Ledger users regarding an uptick in fake airdrops and giveaways. According to Schwartz, there has been a 'huge escalation lately' in scams targeting XRPL users, with scammers using various tactics such as fake Telegram accounts, deepfakes, and edited videos to make their offers appear legitimate.

Users are being urged to be cautious when receiving free cryptocurrency offers, as many of these may be scams. Ripple has clarified that it does not run an official Telegram support channel and will not contact users there to ask for payments, personal data or wallet details. The company has also warned about fake livestreams and executive accounts used to steal funds from users.