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Reading: Ripple Announcement Scam Flagged by XRPL Foundation Director, Issues Warning
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Mycryptopot > News > Crypto > Altcoins > Ripple Announcement Scam Flagged by XRPL Foundation Director, Issues Warning
Altcoins

Ripple Announcement Scam Flagged by XRPL Foundation Director, Issues Warning

August 4, 2026 3 Min Read
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A rip-off try involving a faux Ripple announcement has emerged on social media, with $XRP Ledger Basis director of group Hussein Zangana (Vet) issuing a warning alongside these strains.

An $XRP-focused X account, ‘BankXRP,’ known as consideration to a faux X submit that claimed Ripple was launching “$XRP Holder Tiers” and directing customers to a fraudulent web site to say $XRP badges.

💯 its a rip-off! Keep vigilant of us

— Vet (@Vet_X0) July 31, 2026

A faux 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 standard tactic utilized by scammers, and urged them to go to a faux web site to say an $XRP badge.

BankXRP calls it a phishing rip-off, as Ripple by no means posted the announcement. Customers are urged by no means to click on the hyperlink to the fraudulent web site nor join their wallets, and neither ought to they enter their seed phrases, as doing so will end result of their $XRP tokens being stolen. They need to keep in mind that neither Ripple nor the $XRP Ledger requires holders to say badges or register for perks.

$XRP Ledger Basis director of group Hussein Zangana (Vet) confirmed the faux Ripple announcement to be fully a rip-off, urging the $XRP group to remain vigilant.

Warning suggested

The warning highlights a rising pattern of scammers impersonating main blockchain organizations, who create faux bulletins meant to mislead customers, probably placing their property in danger. Some even go so far as launching faux tokens.

In a current warning issued to the crypto group, XRPL developer Wietse Wind warned of faux tokens, saying there isn’t any Xaman token.

Alongside these strains, Firelight, a liquid staking protocol for $XRP constructed on the Flare Community, warned of faux accounts impersonating the challenge.

In an X submit, Firelight warned that there’s just one official Firelight X account, one official Discord, and one official web site, urging customers to not interact with faux accounts claiming to symbolize Firelight.

This week, in a crackdown towards rip-off actions, Seoul police arrested three folks over a fraudulent $XRP staking platform that impersonated the Flare Community and FXRP tasks and stole about 3.4 million $XRP from 71 victims, with about 27.3 billion gained ($19 million) reaching the operators’ wallets.

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