🤯 XRP Scam: Ripple Issues Warning On Rising XRP Scam After SEC Lawsuit Ruling

🚨 Ripple has warned its community about a rise in XRP scams following a recent SEC ruling. The company has been ordered to pay a $125 million fine for securities law violations, and scammers are exploiting this situation to launch phishing campaigns targeting XRP holders.

⚠️ Ripple Urges Caution: The company highlighted that fraudsters are using social media, fake accounts, and deceptive giveaways to trick users. They emphasized that Ripple and its executives will never ask for XRP transfers or promise guaranteed profits. XRP holders should be wary of “airdrop” or “doubling” scams.

🕵️‍♂️ Fake Accounts Alert: Scammers are creating fake accounts mimicking Ripple executives, including CEO Brad Garlinghouse. These fake accounts often use AI-generated images and fake credentials to appear authentic, luring users with false giveaway offers.

💬 No Unofficial Offers: Ripple has clarified that it will never ask users to transfer XRP or participate in fake promotions. They advised reporting any suspicious requests to the appropriate authorities.

🪙 RLUSD Stablecoin Scams: Ripple also warned about potential fraud related to its RLUSD stablecoin testing. Despite private beta testing on the XRP Ledger and Ethereum, the stablecoin is not yet licensed. Ripple cautioned against programs claiming to offer early access to RLUSD and clarified that reports of 1 billion RLUSD tokens being issued are false.