Scammers are abusing Ripple’s legal win by targeting XRP users with fake investment offers.
Ripple advises users to ignore fake accounts pretending to be company executives for their safety.
Ripple sends a warning that the RLUSD stablecoin is still not yet available for trading
Following a settlement with the Securities and Exchange Commission (SEC), XRP's value rose instantly. This victory led to a price jump of over 25%, drawing in scammers who are now targeting users with various malicious schemes.
Scammers View XRP's Growth As a Potential Opportunity.
Recently, Ripple has reported an increase in fraudulent activities intended to deceive users of XRP. False campaigns that guarantee users large returns on their XRP investments are frequently used in these scams. Users are usually asked to send XRP by scammers with the promise of receiving more money back. Ripple has made it clear that these offers are scams and should be ignored.
https://twitter.com/Ripple/status/1821928818514518429
In addition, Ripple noticed an increase in fake accounts that impersonate its top executives, like CEO Brad Garlinghouse. These accounts use fake credentials to appear real. Ripple advises users to ignore these accounts and get information only from official Ripple channels.
Scammers Also Target Ripple’s RLUSD Stablecoin
Scammers have also expanded their activities to include Ripple’s RLUSD stablecoin. Although RLUSD is still in private beta testing and not available for public trading, scammers falsely claim to offer RLUSD tokens. Ripple has stated that RLUSD has not yet received regulatory approval and any offers to distribute the stablecoin are scams.
Users are urged to ignore these offers and rely only on information from trusted sources. Furthermore, Ripple refuted unfounded rumors that one billion RLUSD tokens had been distributed, declaring that the company's channels will be the sole means of sharing any official updates.
Ripple is responding to a surge in scams targeting its community by taking decisive action. The company is actively monitoring social media platforms for fake campaigns and profiles. These efforts involve removing fraudulent accounts and providing users with resources to recognize and avoid scams.
Ripple is also working closely with law enforcement to address and stop these illegal activities.
The post After claiming victory in court, Ripple alerts XRP users to the rise in scams. appeared first on Crypto News Land.
