Key Takeaways:
- David Schwartz, CTO of Ripple cautioned users to expect a major surge in the number of giveaway and airdrop scams.
- There’s a reasonable possibility that many of the accounts that have impersonated him on Instagram, Telegram and other social media sites are fake, Schwartz said.
- It is coming as scammers are taking multiple approaches to target XRPL users by providing fake promotions and phishing attacks.
Ripple CTO Emeritus, David “JoelKatz” Schwartz has issued a fresh warning to members of the XRP community following a widespread rise in cryptos scams targeting Ripple users on various social media platforms.
The founding figure of XRP Ledger called on people to exercise caution, as con artists keep impersonating Ripple-related individuals and trying to lure consumers into stealing their wallet or cash through fake airdrops, giveaways and token sales.
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