David Schwartz, the CTO of Ripple, has emphasized the expanding rate of frauds occurring in the wake of XRP’s recent success in court. Owing to the announcement by the courts clarifying that XRP is not a security, scammers appear to have jumped at the opportunity to take advantage and deceive unwitting users. In a searing tweet, Schwartz pinpointed a fake web page, "holdxrp[dot]com" as an example, asserting that they have deceitfully offered 100 million XRP in a substantial airdrop enticement.
The ripple of enthusiasm following the ruling in XRP’s favor as well as the resultant fruitful market has further fueled the intensity of these schemes, as fraudsters take exacting measure in exploiting persons of their valuables for their gain. Not straying from their objectives, the fraudulent page underpins its content with spitefully persuasive words, claiming that Ripple Labs is vowing to dedicate extra monetary funds to enrich the user-friendly structure and availability of their systems and the XRP in the year 2023.
Fortunately, with Schwartz’s entry in the picture, users have been accordingly informed of any cons presented in front of them in as many forms as possible and cautioned to focus on their intuitiveness around doubtful profiles. He pointed out that no free giveaways are being organized by Ripple, inviting concentration over the fact that any announcements pertaining rewards, manipulated from unverifiable aspects should be avoided at all costs. Apart from Ripple, Schwartz has been actively canvassing on behalf of the community and has continuously characterized the importance of security and users being heavily privy with news to stay safe from the fraudulent activities bourgeoning in the cryptocurrency industry.
