After the recent decision, the price of XRP jumped 66%, but fake airdrop scams emerged. Ripple CTO warned users against fraud.
Ripple CTO David Schwartz has warned that scammers will try to defraud users. He confirmed that there will be no official XRP airdrops.
Crypto Law, an organization specializing in cryptocurrency regulation, has also warned of a surge in fraudulent accounts profiting from the XRP ruling. They advised users to beware of fraudulent accounts appearing in their feeds. Crypto Law also urged not to click on the links, but to report and block them.
Such accounts falsely claim to be linked to XRP, promoting fake airdrops. The organization pointed out that these accounts are frauds aimed at taking advantage of the current situation.
Warning messages from David Schwartz and Crypto Law highlight the unfortunate consequence of positive cryptocurrency news attracting scammers and fraudsters.
A recent report revealed that in the first half of 2023, there was an increase in crypto-ransomware attacks. Chainalysis’ Crypto Crime Mid-Year Report showed that criminals were making 77% less money than they were at the same time in 2022.