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Fake Ripple payout NFTs scam XRP users, draining wallets by $15,000 each in phishing attack.

Market News
03 Jul 2026
UToday
View Source
Bearish
Fake Ripple payout NFTs scam XRP users, draining wallets by $15,000 each in phishing attack.

A new phishing scam targets XRP users by distributing fake "reward" and "payout" NFTs that trick victims into authorizing transactions that drain their wallets. One victim lost about $15,000 after accepting a bogus "Ripple Payout Token" NFT, which executed a large unauthorized withdrawal. Scammers exploit XRP Ledger's low fees to mint hundreds of fraudulent NFTs daily, using official-sounding names to appear legitimate. This scam highlights the growing threat of crypto fraud, which caused $17 billion in global losses in 2026, with impersonation scams becoming more sophisticated due to AI advances.

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