Crypto News
Ripple CTO David Schwartz has issued a direct public warning to the XRP community about a sharp escalation in AI-powered impersonation scams targeting XRPL users. Schwartz, posting under his handle @JoelKatz, flagged a surge in airdrop and giveaway scams where fraudsters clone the likeness and identity of Ripple executives to deceive holders into sending funds or connecting wallets.
Schwartz was explicit: anyone claiming to be him on Instagram, Telegram, or virtually any other platform should be treated as a scammer. The warning underscores a growing threat vector in crypto — AI-generated deepfakes and cloned social profiles that are increasingly difficult to distinguish from the real thing.
For XRP holders, the risk is concrete. Airdrop scams typically ask users to send a small amount of XRP to receive a larger return, or to connect a wallet to a malicious site that drains funds on…
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