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XRP Ledger Developer Sounds Alarm Over New Ripple Scam

Thu, 12/29/2022 - 15:34
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Alex Dovbnya
XRP giveaway scams are still very common on social media platforms such as Twitter
XRP Ledger Developer Sounds Alarm Over New Ripple Scam
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Wietse Wind, an XRP Ledger developer, recently took to Twitter to warn that there are no current air drops, events or giveaways being conducted by Ripple. He attached a screenshot showing a fraudulent offering that is supposedly being conducted by Ripple.

Scams like these are used by cybercriminals to try and lure unsuspecting investors into providing private keys and other sensitive information.

Unfortunately, many social media platforms do not have effective systems in place for detecting and reporting these fraudsters in a timely manner, making users vulnerable to their tactics.

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XRP giveaway scams are becoming more prevalent on social media platforms such as Twitter. These fraudulent schemes typically involve fraudsters impersonating a legitimate account (typically Ripple CEO Brad Garlinghouse) or website.

Scammers often use the platform to post fake giveaways that promise users free XRP tokens if they "donate" a certain amount of money first. However, these transactions are never completed, and victims end up losing their money. Many scammers also use links to phishing websites that attempt to steal personal data. To make matters worse, some scammers post fake screenshots of transaction confirmations and wallet addresses to further deceive people into believing the scam is real.

It is important to be aware of these scams and not fall for them. This is especially true for XRP holders, who are frequently targeted by bad actors. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at