Ripple, a leading crypto payments company, has issued a critical warning to XRP holders following its legal victory against the U.S. Securities and Exchange Commission (SEC). The official X handle warns of a surge in scam attempts targeting XRP community members.
Scammers are using Ripple’s recent legal victory as an opportunity to trick unsuspecting investors into sending funds for fraudulent XRP giveaways and airdrops. These scammers often create fake social media accounts impersonating Ripple or its executives to promote these schemes.
Ripple emphasizes that it will never ask the community to send funds to participate in such schemes, suggesting that any request for funds from a Ripple-affiliated account should be considered suspicious.
In an old tweet, Ripple’s chief technology officer (CTO) David Schwartz warned about similar scams after Ripple secured a partial victory in the summary judgment decision last year. These scams reduced drastically when exposed by Ripple and XRP enthusiasts.
Following Ripple’s recent court ruling, these scam attempts have resurfaced. The SEC v. Ripple lawsuit has ended with a partial victory for both parties. Judge Analisa Torres issued a permanent injunction on future XRP sales to U.S. institutions.
Ripple advises the community to be cautious of fake social media accounts and any requests for funds from Ripple-affiliated accounts should be considered suspicious.
Source: https://thecryptobasic.com/2024/08/10/ripple-issues-critical-alert-to-xrp-holders-following-its-victory-over-sec/