Ripple Warns of XRP Scams, Community Points Fingers Back

• Ripple warns of XRP scam giveaways after its legal victory.
• However, community skepticism grows over XRP’s price dip.
• Community members accuse Ripple of profiting from XRP’s sales while warning of scams.

In the wake of a significant legal victory, where Ripple Labs had a $2 billion penalty demand from the SEC reduced to $125 million, the company has issued a warning to the crypto community about an increase in scams related to XRP. The company cautioned users against fake accounts and fraudulent promotions about “XRP Giveaways” or “XRP Airdrops” in light of the victory frenzy.

Ripple assured the community that neither the company nor its executives are orchestrating a giveaway and will never ask anyone to send funds to receive double in return. As a result, it urged vigilance against these scams suggesting otherwise.

And once again with Wednesday's historic victory, we've seen an uptick in scams.

Please beware of scam "Ripple" accounts, fake executive accounts or others promoting "XRP Giveaways" or "XRP Airdrops." Ripple and its executives will NEVER ask you to send funds anywhere. https://t.co/uGitnz71yn

— Ripple (@Ripple) August 9, 2024

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