A recent scam involving a fake XRP airdrop video has caught the attention of Ripple and the crypto investment community. David Schwartz, the company's CTO, has warned users about the deception.
Fraudulent XRP Airdrop Video
A newly circulated video claiming that Ripple is launching a program to distribute 1 million XRP has been declared fraudulent. The video urged participants to send money for a double return, manipulating original interview footage. Schwartz noted that such videos are often targeted at the community, offering deals that seem too good to be true.
Ripple's Warnings About Scammers
David Schwartz mentioned in his post that scammers often impersonate well-known figures in the crypto space, such as Brad Garlinghouse. He urged users to be cautious, especially when information appears too good to be true. In recent months, Garlinghouse has also warned about such schemes, encouraging investors to stay vigilant.
Measures to Combat Fraud
Ripple is taking steps to combat scammers, including listing all the company's official accounts to increase user awareness. In 2020, Ripple sued YouTube for insufficient protection of users against scams related to fake giveaways. Despite resolving the case in 2021, fraud remains an ongoing issue for both Ripple and other notable figures.
It is essential for users to be aware of current scam schemes and verify information sources. Ripple continues to fight against fraud and reminds the community to remain vigilant.
