Ripple Announcement Scam Flagged by XRPL Foundation Director, Issues Warning

A scam attempt involving a fake Ripple announcement has emerged on social media, with $XRP Ledger Foundation director of community Hussein Zangana (Vet) issuing a warning along these lines.

An $XRP-focused X account, 'BankXRP,' called attention to a fake X post that claimed Ripple was launching "$XRP Holder Tiers" and directing users to a fraudulent website to claim $XRP badges.

A fake Ripple X account was used to share the announcement that Ripple was introducing $XRP holder tiers. To lure unsuspecting victims, it claimed that the holder tiers unlock perks, a common tactic used by scammers, and urged them to visit a fake website to claim an $XRP badge.

BankXRP calls it a phishing scam, as Ripple never posted the announcement. Users are urged never to click the link to the fraudulent website nor connect their wallets, and neither should they enter their seed phrases, as doing so will result in their $XRP tokens being stolen. They should bear in mind that neither Ripple nor the $XRP Ledger requires holders to claim badges or register for perks.

$XRP Ledger Foundation director of community Hussein Zangana (Vet) confirmed the fake Ripple announcement to be entirely a scam, urging the $XRP community to stay vigilant.

Caution advised

The warning highlights a growing trend of scammers impersonating major blockchain organizations, who create fake announcements intended to mislead users, potentially putting their assets at risk. Some even go as far as launching fake tokens.

In a recent warning issued to the crypto community, XRPL developer Wietse Wind warned of fake tokens, saying there is no Xaman token.

Along these lines, Firelight, a liquid staking protocol for $XRP built on the Flare Network, warned of fake accounts impersonating the project.

In an X post, Firelight warned that there is only one official Firelight X account, one official Discord, and one official website, urging users not to engage with fake accounts claiming to represent Firelight.

This week, in a crackdown against scam activities, Seoul police arrested three people over a fraudulent $XRP staking platform that impersonated the Flare Network and FXRP projects and stole about 3.4 million $XRP from 71 victims, with about 27.3 billion won ($19 million) reaching the operators' wallets.