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Ripple CTO David Schwartz Warns XRP Army Against New Phishing Scam

David Schwartz, the Chief Technology Officer (CTO) of Ripple, known for his advocacy against cryptocurrency scams, recently brought attention to a fresh phishing scam. He cautioned the XRP community to be wary of seemingly authentic messages.

Through his X (formerly Twitter) account, Schwartz emphasized that any communications concerning copyright investigations are deceptive. He labeled them as “fraudulent.”

“If you happen to receive a direct message resembling this, it’s fraudulent. The provided link directs to a phishing website designed to gather your login credentials and personal data,” Schwartz explained.

David Schwartz recently shared a post from a Georgian user using the pseudonym “three-year letterman,” which included a screenshot of a direct message (DM). The DM falsely claimed that the recipient’s account was under investigation for copyright violations, providing a link to a form to be filled out within 24 hours to avoid suspension.

Although the message didn’t specifically mention any cryptocurrency tokens, Schwartz shared it to raise awareness about the scam.

Meanwhile, Ripple CEO Brad Garlinghouse has also fallen victim to scammers who used artificial intelligence software to clone his identity. In a deepfake video, Garlinghouse was portrayed urging cryptocurrency users to invest their holdings for doubling. However, Garlinghouse later confirmed that the video was fake.

“I am Not Satoshi”: David Schwartz

Days after his assertion on X that he is “not Satoshi” – the mysterious creator of Bitcoin – David Schwartz issued a warning. Sharing a selfie from the Consensus 2024 event, Schwartz humorously captioned it, “Finally, absolute proof I am not Satoshi.” His remarks come amid ongoing speculation from crypto enthusiasts suggesting various notable figures, including Schwartz, as potential candidates for Satoshi’s identity.

Despite Schwartz’s repeated efforts to clarify that he is not Satoshi Nakamoto, his polite denials have inadvertently cultivated a new following of believers who insist otherwise.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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