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Ripple's David Schwartz warns of a fake Ripple site scamming XRP holders with a crypto wallet drain.

Market News
05 Aug 2026
UToday
View Source
Bearish
Ripple's David Schwartz warns of a fake Ripple site scamming XRP holders with a crypto wallet drain.

A new scam website nearly identical to Ripple's official site has been targeting long-term XRP holders by promising exclusive rewards for patient investors. The fake site uses Ripple's branding and tricks users into approving transactions that drain their XRP wallets. David Schwartz, Ripple's XRP Ledger chief architect, publicly exposed the scam to protect the community. This phishing attack is part of a broader wave of social engineering scams hitting the XRP ecosystem, emphasizing the need for caution as transactions on the XRP Ledger are irreversible once approved by users.

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