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Ripple CTO Emeritus warns of rising XRP scams including fake giveaways and deepfakes targeting users.

Market News
14 May 2026
UToday
View Source
Bearish
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David Schwartz, Ripple's CTO Emeritus, issued a warning about a surge in scams targeting XRP Ledger users, including fake token giveaways, fraudulent airdrops, and AI-generated deepfakes. Scammers exploit social media and messaging apps to trick users into exposing their wallets or seed phrases. Schwartz emphasized that Ripple never conducts giveaways and cautioned against impersonators on platforms like Telegram and Instagram. This alert comes amid a broader rise in cyber threats and a recent $635 million DeFi hack wave, highlighting increased risks for crypto users.

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