Ripple’s Schwartz Warns XRP Users to Stay Safe From Giveaway Scams

David Schwartz Warns XRP Users as Fake Airdrops Spread

David Schwartz, CTO Emeritus at Ripple, alerted XRP Ledger users on May 13 to a sharp increase in airdrop and giveaway scams. His message focused on XRP users who may encounter fake promotions across social platforms. Schwartz urged users to treat those posts as likely scams and avoid accounts claiming to represent him.

Fraud campaigns around XRP often rely on familiar names, copied profiles, and fake reward offers. Schwartz’s warning focused on airdrops and giveaways aimed at XRPL users. He also pointed to Instagram and Telegram as platforms where impersonators may claim to be him. The warning did not identify specific accounts or campaigns. The Ripple CTO Emeritus stated:

“SCAM ALERT: There has been a huge escalation lately in airdrop and giveaway scams targetting XRPL users lately. Any such posts you see are likely scams.”

Ripple-linked fraud warnings in recent months have also covered phishing operations targeting XRP holders through fake verification requests and malicious wallet prompts. Some schemes encouraged users to connect wallets or submit sensitive recovery information through unofficial channels masquerading as trusted XRP resources.

Ripple Scam Warnings Highlight Growing Phishing Risks

Security alerts tied to the XRP ecosystem have additionally highlighted hijacked YouTube channels, cloned livestreams, fake support outreach, impersonation schemes, and copied account identities across messaging platforms. In several cases, scammers used executive names, XRP community language, and fabricated XRP-related events to create the appearance of legitimacy around fraudulent offers and phishing attempts.

Social media remains a common entry point for those schemes. Fraudulent accounts frequently imitate executives, influencers, or verified crypto personalities to distribute fake links and giveaway promotions. XRP users are often directed toward malicious websites designed to collect credentials or trigger unauthorized wallet access.

Schwartz stressed:

“Anyone claiming to be me on Instagram, Telegram, or almost anywhere else is likely a scammer. Stay safe XRP fam.”

The warning reinforces broader concerns around crypto-related impersonation campaigns. For XRPL users, unsolicited airdrops, direct messages, and reward offers presented through social platforms continue to represent a significant security risk, especially when tied to recognizable names within the XRP community.