In Ripple news today, the firm’s CTO, David Schwartz, one of the most recognizable figures in the XRP ecosystem, issued a direct warning on May 14, 2026, to his 700,000+ followers on X.
Fake airdrop announcements and giveaway schemes targeting XRPL users have escalated sharply, and anyone impersonating him on Instagram, Telegram, or other platforms is, in his words, “likely a scammer.” The warning is blunt, specific, and long overdue for wider amplification.
The question isn’t whether XRP-targeted crypto scams are real. They clearly are, and they’ve been growing for years. The question is whether you can reliably tell the difference between a legitimate Ripple communication and an impersonation attempt designed to drain your wallet, before you click anything.
This warning dropped as XRP USD fell -1.8% overnight, with the asset currently trading for $1.43 and a 24-hour trading volume of over $2.1Bn.
Ripple News Today: Why Is This XRP Warning Landing Now?
When an asset class attracts institutional attention and rising prices, it also attracts opportunists. XRP has been no exception. Ripple’s expanding institutional footprint, credit facilities, prime brokerage infrastructure, and regulatory clarity efforts generate a constant news cycle that scammers exploit as cover. The noisier the legitimate news environment, the easier it is to hide a fake announcement inside it.
Schwartz flagged a pattern that has been building for months. Scammers used YouTube in mid-2025 to hijack channels mimicking Ripple’s official account and executives. By late 2025, Ripple’s own X account was warning about fake livestreams and deepfake videos of executives.
Ripple CEO Brad Garlinghouse warned before the 2025 holiday season that bad actors would intensify their efforts during high-activity periods. The May 2026 escalation Schwartz describes isn’t a new threat – it’s an existing threat that has gotten significantly more aggressive.
That context matters because it tells you something important: these scams are persistent, professionally organized, and timed to moments when XRP holders are most engaged and most likely to act without pausing to verify.
like it or not, $XRP runs to $10 in easy mode once it flips $1.80.
the level is the level. it doesn't care about your bag, your bias, or your opinion of the project.
structure says reclaim $1.80 and the path opens. that's the trade.
be positioned or be loud about it. only one… pic.twitter.com/bNMhdKegWA
— Don
(@DonWedge) May 13, 2026
Red Flag #1: Unsolicited Airdrop Announcements Claiming to Be From Ripple
Ripple scams often involve posts, DMs, or emails claiming free XRP token distributions. These typically feature a deadline, a website mimicking Ripple’s branding, and requests to connect your wallet or enter your seed phrase to “claim” tokens.
This is akin to a fake lottery; the prize is nonexistent. If you connect your wallet or provide your recovery phrase, the attacker can drain your funds. Ripple has never conducted a legitimate airdrop, so any announcement of one is a scam.
Red Flag #2: Giveaway Schemes That Impersonate Ripple Executives
The XRP giveaway scam uses fake accounts impersonating Ripple executives, such as David Schwartz and Brad Garlinghouse, to lure victims. Scammers announce a giveaway, asking users to send 500 XRP in exchange for 1,000 XRP, exploiting trust within the XRP community.
With this Ripple news drop, Schwartz has warned that anyone claiming to be him on social media is likely a scammer. Real Ripple executives do not conduct token giveaways; if an offer requires sending XRP first, it’s a scam.
SCAM ALERT: There has been a huge escalation lately in airdrop and giveaway scams targetting XRPL users lately. Any such posts you see are likely scams.
Anyone claiming to be me on Instagram, Telegram, or almost anywhere else is likely a scammer.
Stay safe XRP fam.
— David 'JoelKatz' Schwartz (@JoelKatz) May 14, 2026
Red Flag #3: Fake Official Channels, Deepfakes, and Lookalike Domains
Scammers have evolved from text impersonation to sophisticated tactics, including fake Ripple or XRP livestreams, deepfake videos of executives, and phishing sites mimicking official Ripple properties.
They exploit authority and urgency, using deepfake videos to push a “security upgrade” message that creates fear about losing tokens. Schwartz has warned about phishing emails that misuse this tactic; legitimate wallet providers never ask for seed phrases via email.
The common thread in these scams is the artificial urgency they create around XRP security or wallet access. Always rely on verified official communications from Ripple, not unsolicited messages or ads.
How to Verify Whether an XRP Communication Is Actually From Ripple
The defense is straightforward once you know what to check regarding this Ripple news. Here’s the short list:
- Check the source domain. Official Ripple communications come from ripple.com. Any variation – ripple-support.com, xrp-ripple.io, rippIe.com (capital I instead of lowercase L) – is a fake.
- Never enter your seed phrase anywhere online. No legitimate service, wallet provider, or company – including Ripple – will ever ask for your seed phrase or private keys through any online form or email link.
- Verify social accounts directly. Schwartz’s verified X account is @JoelKatz. Ripple’s official X account is @Ripple. Treat any account on any other platform claiming to be these figures as a scammer until proven otherwise.
- Ignore all unsolicited giveaway or airdrop announcements. Ripple has never run a public airdrop. The policy hasn’t changed. If a post says otherwise, it’s a known scam pattern Schwartz has explicitly called out.
- Pause before acting on urgency. Legitimate security alerts do not expire in 10 minutes. Any communication demanding immediate action to protect your XRP is engineering panic to stop you from verifying.
It’s worth acknowledging that even careful, experienced holders have been caught by these schemes. The deepfake videos and executive impersonations are convincing precisely because they’re designed to be. Caution isn’t an insult to your intelligence – it’s the only tool that works here.
EXPLORE: Best Crypto Presales With Staking Rewards
Follow 99Bitcoins on X, YouTube, and Telegram for more crypto news and analysis.
The post Ripple News: CTO Issues Urgent XRP USD Scam Warning appeared first on 99Bitcoins.
No Comment! Be the first one.