Ripple Chief Technology Officer David Schwartz has issued a public warning about a significant increase in impersonation scams targeting XRP holders across social media. The fraudulent accounts frequently pose as Ripple executives or affiliates to promote fake cryptocurrency giveaways and solicit XRP transfers from unsolicited recipients.
To combat this threat, Ripple has published verified social media handles—including Schwartz’s official account (@JoelKatz)—providing the community with trusted sources for legitimate communications. Cybersecurity specialists strongly advise XRP investors to implement rigorous account verification practices and refrain from interacting with any unsolicited promotional offers.
The persistent targeting of XRP-related scams is attributed to the cryptocurrency’s prominent market position and consistently high trading volume. Industry experts emphasize that heightened community vigilance remains crucial for preventing financial losses due to these fraudulent schemes.