What to know:
- David Schwartz warns XRP holders about growing fake giveaway scams online.
- Scammers impersonate Ripple officials using Telegram accounts, copied branding, and phishing websites.
- Fraudsters continue redirecting users toward phishing websites and malicious wallet addresses.
Ripple CTO Emeritus David Schwartz has issued an important warning to XRP holders as fraudulent giveaway campaigns targeting XRPL users continue spreading across social media platforms. According to Schwartz, scammers have recently intensified impersonation attempts using fake accounts on Telegram, Instagram, and other online channels while promoting deceptive XRP airdrops and reward schemes.
Fake XRP Giveaway Campaigns
In a post shared on X, Schwartz stated that any giveaway or airdrop posts connected to XRP are likely scams. He also cautioned users that anyone claiming to represent him across social media platforms is most likely attempting to defraud unsuspecting investors. Many fraudulent posts promise free XRP rewards while pretending to represent official Ripple initiatives or XRPL ecosystem campaigns.
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Additionally, attackers frequently use urgency tactics to pressure users into sending XRP before verifying account authenticity. Some fake posts advertise limited-time opportunities, while others promise investors doubled XRP rewards after completing initial transfers. Consequently, victims risk losing access to wallets and digital assets within minutes.
Ripple Previously Addressed Fake Telegram Activity
As previously reported by 36Crypto, scammers have increasingly posed as Ripple recruiters, customer support agents, and official company representatives across messaging platforms, including Telegram. The trend has created confusion among users attempting to distinguish legitimate communication from fraudulent outreach attempts.
In many cases, those accounts appeared convincing enough to mislead inexperienced crypto investors entering the market for the first time. Additionally, scammers frequently reuse public videos, executive images, and company materials to make fake promotions appear authentic before redirecting users toward phishing websites and malicious wallet addresses.
David Schwartz’s latest statement highlights growing security concerns surrounding XRP-related scams and impersonation campaigns. Although awareness continues improving across the crypto industry, fraudsters remain highly active and continue adapting their tactics to target unsuspecting XRPL users.
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