David Schwartz Warns of New Rewards Scam Targeting XRP Holders
May 14, 2026
< 1 min read
by Mark Brennan
for The Crypto Basic

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AI Overview
David Schwartz warned that XRP holders face a rise in fake airdrop and reward scams targeting XRP Ledger users across social platforms, with scammers using impersonation, fake NFT offers, phishing sites and deepfakes. The security alert underscores crypto security risks that can hurt adoption and trust around token launches and fundraising, and may weigh on market sentiment for XRP and related DeFi, DEX and CEX activity.
Bearish
David Schwartz warns XRP holders about a rise in fake airdrop and reward scams targeting XRP Ledger users across social platforms. Notably, these scammers have continued to leverage impersonation, fake NFT offers, phishing sites, and deepfakes to exploit unsuspecting XRP users.
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