Ripple has alerted its community about increased fraudulent activities. According to the announcement, these XRP scams have preceded the order to pay a $125 million fine for violating securities laws in 1,278 institutional sale transactions. Consequently, since the ruling, scammers have been exploiting the situation, leading Ripple to warn its users.
Ripple Urges Caution Amid Rising XRP Scam Activity
In the wake of a recent decision made in the SEC lawsuit, Ripple has posted a warning to the XRP holders concerning a spike in XRP scams. Ripple pointed out that fraudsters have capitalized on the judgement that ended with the company ordered to pay the sum of $125 million as a fine, to launch new campaigns of phishing.
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. htt
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