XRP Community Stunned as Ripple CTO Flags Crypto-Draining Scam

Ripple CTO David Schwartz recently caught the awe of the $XRP community after flagging a crypto-draining scam at just one look.

It all started on X when a user claiming to be a former Uniswap developer said he had information on a bug that lets users make 41% profit on every swap.

To back up his claims, the X user shared a GitHub code. While the assertion by the X user might seem true, given the GitHub code shared, the Ripple CTO was quick to call out the scam, which he flagged as a crypto-draining scam.

"This is an obvious crypto drainer that contains no code that could provide any kind of yield for anyone but the criminal who wrote it," Schwartz stated.

Taking a step further, the Ripple CTO opened an issue on GitHub, flagging the code as a crypto drainer.

$XRP community stunned

The recent action by the Ripple CTO has captivated the $XRP community, with some members hailing the move as a scam-detecting move.

During the week, the Ripple CTO issued a message of caution to the $XRP community, highlighting a huge increase in phishing emails claiming hardware wallet security upgrades or verification processes.

Schwartz urges the $XRP community to ignore any such messages unless they can independently confirm them and to never enter a hardware wallet's seed phrase into anything other than the hardware wallet.

This comes amid a recent call for $XRP holders to protect their assets, as U.Today earlier previously. While self-custody remains a viable option, users are urged to take necessary precautions and have proper understanding and education even when just exploring such an option.