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Scammers exploit Ripple's bank partnerships to steal XRP via fake bank tokens and wallet addresses.

Market News
18 Oct 2026
UToday
View Source
Bearish
Scammers exploit Ripple's bank partnerships to steal XRP via fake bank tokens and wallet addresses.

As Ripple integrates XRP Ledger with banks and tests the RLUSD stablecoin, scammers have begun impersonating well-known financial institutions to steal XRP from holders. They create fake wallet addresses and issue dummy tokens mimicking official bank names, tricking users into exchanging real XRP for worthless tokens through phishing sites. This shift from technical hacks to social engineering exploits the openness of the blockchain, where anyone can create tokens with any name. Investors are warned to only trust official corporate announcements and avoid any offers requiring wallet verification or token exchanges to prevent asset loss.

As XRP faces new challenges from scammers impersonating banks, its trading activity on Pluang shows a mixed sentiment. As of Oct 18, 2026 22:41 WIB, XRP is priced at Rp22.745 with a 1-day decline of 1.98%. Despite the dip, the market cap remains strong at Rp1.449,09 trillion, and trading volume is active at Rp22,76 trillion, with buyers making up 65% of order activity and typical holders keeping their XRP for about 72 days.

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