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Bitcoin Bitcoin (BTC) $120,082.47 ↑ 1.22%
Ethereum Ethereum (ETH) $4,312.85 ↑ 1.84%
XRP XRP (XRP) $3.20 ↓ -0.02%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $809.02 ↑ 0.98%
Solana Solana (SOL) $179.17 ↓ -1.55%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -1.37%
TRON TRON (TRX) $0.34 ↑ 1.25%
Cardano Cardano (ADA) $0.80 ↓ -1.00%
Hyperliquid Hyperliquid (HYPE) $44.45 ↓ -1.07%
Chainlink Chainlink (LINK) $21.79 ↓ -2.43%
Stellar Stellar (XLM) $0.44 ↑ 0.20%
Sui Sui (SUI) $3.73 ↓ -3.53%
Bitcoin Cash Bitcoin Cash (BCH) $591.49 ↑ 3.45%
Hedera Hedera (HBAR) $0.25 ↓ -2.45%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Avalanche Avalanche (AVAX) $23.69 ↓ -0.53%
Litecoin Litecoin (LTC) $125.98 ↑ 1.91%
Toncoin Toncoin (TON) $3.41 ↑ 1.76%
UNUS SED LEO UNUS SED LEO (LEO) $9.01 ↓ -0.17%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -1.83%
Uniswap Uniswap (UNI) $11.50 ↑ 3.90%
Polkadot Polkadot (DOT) $3.97 ↓ -2.07%
Cronos Cronos (CRO) $0.17 ↑ 5.01%
Ethena Ethena (ENA) $0.81 ↑ 4.37%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.43 ↓ -0.65%
Monero Monero (XMR) $273.84 ↑ 2.91%
Pepe Pepe (PEPE) $0.00 ↓ -2.93%
Aave Aave (AAVE) $298.43 ↓ -2.49%
Bittensor Bittensor (TAO) $374.04 ↓ -4.14%
Ethereum Classic Ethereum Classic (ETC) $22.97 ↓ -0.92%
Mantle Mantle (MNT) $1.00 ↓ -3.12%
NEAR Protocol NEAR Protocol (NEAR) $2.69 ↓ -1.96%
Ondo Ondo (ONDO) $1.02 ↓ -1.40%
Aptos Aptos (APT) $4.69 ↓ -0.25%
Pi Pi (PI) $0.40 ↑ 1.47%
Internet Computer Internet Computer (ICP) $5.57 ↓ -1.46%
OKB OKB (OKB) $46.22 ↓ -0.16%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.13%
Kaspa Kaspa (KAS) $0.09 ↓ -0.85%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -3.99%
Arbitrum Arbitrum (ARB) $0.45 ↓ -1.56%
Algorand Algorand (ALGO) $0.26 ↓ -1.39%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.04%
VeChain VeChain (VET) $0.02 ↓ -1.71%
Bonk Bonk (BONK) $0.00 ↓ -2.92%
Cosmos Cosmos (ATOM) $4.60 ↓ -1.68%
GateToken GateToken (GT) $16.65 ↓ -0.60%
Render Render (RENDER) $3.88 ↓ -1.76%
Worldcoin Worldcoin (WLD) $1.04 ↓ -3.78%
Story Story (IP) $6.38 ↓ -4.97%
Sky Sky (SKY) $0.09 ↓ -0.83%
Sei Sei (SEI) $0.31 ↓ -3.01%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.03 ↓ -2.74%
Filecoin Filecoin (FIL) $2.55 ↓ -2.15%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.71 ↓ -0.14%
SPX6900 SPX6900 (SPX) $1.81 ↓ -5.62%
Flare Flare (FLR) $0.02 ↓ -0.71%
Jupiter Jupiter (JUP) $0.52 ↓ -1.73%
KuCoin Token KuCoin Token (KCS) $12.00 ↑ 1.63%
Four Four (FORM) $3.86 ↓ -1.29%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.06%
XDC Network XDC Network (XDC) $0.09 ↓ -1.67%
Injective Injective (INJ) $14.14 ↓ -1.12%
Lido DAO Lido DAO (LDO) $1.54 ↑ 9.91%
Quant Quant (QNT) $113.51 ↓ -0.38%
Optimism Optimism (OP) $0.77 ↓ -0.80%
Stacks Stacks (STX) $0.75 ↓ -0.26%
Curve DAO Token Curve DAO Token (CRV) $0.97 ↓ -0.74%
Celestia Celestia (TIA) $1.78 ↓ -1.33%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 20.64%
Immutable Immutable (IMX) $0.58 ↓ -2.24%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.95%
Ethereum Name Service Ethereum Name Service (ENS) $28.82 ↓ -2.24%
Conflux Conflux (CFX) $0.20 ↓ -3.45%
Aerodrome Finance Aerodrome Finance (AERO) $1.15 ↓ -4.05%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
The Graph The Graph (GRT) $0.10 ↓ -2.22%
Fartcoin Fartcoin (FARTCOIN) $0.99 ↓ -8.46%
PancakeSwap PancakeSwap (CAKE) $2.79 ↓ -0.91%
dogwifhat dogwifhat (WIF) $0.96 ↓ -4.65%
PAX Gold PAX Gold (PAXG) $3,341.17 ↓ -1.31%
Pendle Pendle (PENDLE) $5.45 ↓ -0.49%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.38 ↓ -3.88%
Kaia Kaia (KAIA) $0.15 ↓ -1.22%
Sonic Sonic (S) $0.31 ↓ -0.11%
Tezos Tezos (XTZ) $0.84 ↓ -4.19%
Nexo Nexo (NEXO) $1.36 ↑ 0.64%
Vaulta Vaulta (A) $0.56 ↑ 3.34%
Raydium Raydium (RAY) $3.27 ↓ -4.02%
Theta Network Theta Network (THETA) $0.86 ↓ -1.86%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 3.13%
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IOTA IOTA (IOTA) $0.21 ↓ -0.67%
Gala Gala (GALA) $0.02 ↓ -1.93%
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MemeCore MemeCore (M) $0.46 ↑ 3.49%
Pyth Network Pyth Network (PYTH) $0.12 ↓ -2.50%
Home Cryptocurrency

Warning From Ripple CTOs: No Airdrops and Rewards!

Emma Veress by Emma Veress
17 July 2023
in Cryptocurrency
Reading Time: 3 mins read
0
Warning-From-Ripple-CTOs-No-Airdrops-and-Rewards!

 Ripple has achieved a partial win in its legal dispute with the SEC . Exploiting the excitement within the crypto community following this favorable outcome, scammers have initiated multiple fraudulent XRP airdrop campaigns . In light of their victory in the SEC lawsuit Ripple’s CTO cautions against falling for these deceptive XRP airdrops.

Table of Contents

Toggle
  • After the victory, Ripple CTO warned against scammers!   
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  • Community reactions
  • Emerging imitative scams

After the victory, Ripple CTO warned against scammers!   

      In the ongoing legal battle with the United States Securities and Exchange Commission (SEC) regarding the classification of XRP , Ripple emerged victorious. However, amidst this development, there has been an alarming rise in fraudulent activities involving fake XRP airdrops targeting unsuspecting individuals . David Schwartz, Ripple’s Chief Technology Officer (CTO), took notice of these concerning occurrences . He emphatically clarified that there are no legitimate airdrops, giveaways or special offers associated with Ripple or its recent triumph over the SEC lawsuit.

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Warning-From-Ripple-CTOs-No-Airdrops-and-Rewards2

     Schwartz highlighted that these widespread XRP airdrops bearing the Ripple brand are entirely deceptive and cautioned community members against falling victim to scams or having their wallets compromised . As such , Ripple’s CTO issued a warning to ensure user protection and security.

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    With recent positive developments , scammers have been seizing the opportunity to engage in fraudulent activities. It is important to note that there are no airdrops, giveaways, or special promotions associated with this particular announcement .

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Community reactions

      Numerous instances of fake XRP airdrop campaigns have been observed and reported by members of the XRPArmy community . As a result, Schwartz received recognition for his prompt update on this matter . Additionally, several Twitter accounts impersonating Ripple CEO Brad Garlinghouse and CTO David Schwartz have been flagged by concerned community members.

     Regrettably, a user named Rockoban shared that they had fallen victim to the XRP airdrop scam ; however, no specific details regarding their losses were disclosed. In light of this incident, Casey Dee urged the XRP community to actively report fraudulent accounts in order to safeguard more individuals from potential loss of their XRP assets . 

Emerging imitative scams

      The prevalence of fraudulent schemes is on the rise, with notable figures like Brad Garlinghouse and David Schwartz being prime targets for impersonators . Recently, a Twitter account posing as David Schwartz conducted a counterfeit 100 million XRP airdrop . Similarly an illegitimate campaign named after Brad Garlinghouse has adopted a pyramid structure. Participants are enticed to send any amount of XRP to a specified address under the false promise of receiving a refund equivalent to 1000% of their initial contribution .

     Schwartz’s timely cautionary message aligns with the sentiments of the XRP community , considering the recent progress in the Ripple and SEC lawsuit. On Thursday, Judge Analisa Torres ruled in favor of XRP by declaring that it should not be classified as a security . Consequently this ruling led to a surge in XRP accumulation and propelled the asset to become the fourth-largest cryptocurrency by market capitalization at present. Unfortunately, scammers have taken advantage of this development, further fueling their fraudulent activities .

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Emma Veress

Emma Veress

Finance Writer Hello there! My name is Emma, and I'm a daily breaking news journalist covering finance, economics, and crypto on a global scale. I graduated from Eötvös Loránd University with a degree in Communication and Media Studies MA, where I gained a passion for storytelling and analysis. As a journalist, I'm dedicated to providing my readers with accurate and timely news on financial and economic events happening around the world. I believe that by delivering high-quality journalism, I can help people make informed decisions about their finances and investments.

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