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Ripple warns XRP users of rising airdrop and giveaway scams on social media platforms.

Market News
14 May 2026
Bitcoin
View Source
Bearish
Ripple warns XRP users of rising airdrop and giveaway scams on social media platforms.

David Schwartz, Ripple's CTO Emeritus, has issued a warning to XRP Ledger users about a significant increase in fake airdrop and giveaway scams targeting the community. These scams often involve impersonators on platforms like Instagram and Telegram who use familiar executive names and fake reward offers to trick users into phishing attempts or unauthorized wallet access. Schwartz emphasized that any posts claiming to represent him or offering unsolicited rewards are likely scams. This alert highlights ongoing security risks for XRP users, especially through social media, where scammers exploit recognizable names and fake promotions to steal credentials or funds.

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