Ripple CTO Warns of New XRP Phishing Scam

Ripple CTO David Schwartz warns of a new phishing scheme targeting XRP investors, cites how to identify and avoid scams to protect their crypto assets.

The XRP army has been advised to avoid any messages that appear to be legitimate by David Schwartz, Ripple’s chief technology officer (CTO), who has been advocating for caution against crypto hoaxes. Schwartz has recently identified a new phishing scam.

In his X (formerly Twitter) account, he stated that any messages concerning investigations into copyright issues are “fraud.”

“If you receive a direct message that resembles this, it is a fake.” Schwartz wrote, “The link redirects to a phishing site that will collect your personal information and login credentials.”

David Schwartz shared a post from a Georgian user who goes by the pseudonym “three-year letterman.” The post contained a screenshot of a direct message.

The message stated, “Your account is currently being investigated for copyright violations.” It also included a hyperlink to a form X users requested to complete within 24 hours. It was further stated that failure to comply would result in the account being suspended.

Schwartz shared the message to raise awareness of the fraud, even though it did not mention any crypto tokens.

Using artificial intelligence software, specific fraudsters have also cloned Brad Garlinghouse, the CEO of Ripple. In one such deepfake video, Garlinghouse encouraged cryptocurrency users to bring their holdings in exchange for a doubling. Subsequently, he verified that the video was fraudulent.

“I am Not Satoshi”: David Schwartz, Ripple CTO

His warning follows his assertion on X that he is not “Satoshi,” the enigmatic creator of Bitcoin, which occurred several days prior.

David Schwartz posted a selfie from the Consensus 2024 event, stating, “Finally, absolute proof I am not Satoshi.” His comments follow the identification of numerous brilliant individuals, such as Schwartz, by crypto enthusiasts who believe they may have resembled Satoshi.

David Schwartz has made numerous attempts to reaffirm that he is not Satoshi Nakamoto. Nevertheless, he established a new legion of followers convinced that he was Nakamoto, despite his polite approach to convincing his followers that he was not the inventor of Bitcoin.