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Ripple CTO Issues Warning against Potential XRP Scams
Ripple‘s CTO David Schwartz has warned its community members about the rising number of potential XRP scams.
With scammers and fraudsters looking to exploit the current market hype, several airdrops targeting inexperienced users have popped up. Schwartz said, “A lot of scammers are taking advantage of the recent good news to try to cheat and steal. There are no airdrops, giveaways, or special offers associated with this ruling.”
Court Ruling Favours Ripple
In a stunning turn of events, US District Judge Analisa Torres ruled on July 13 that XRP is not a security. It also stated that Ripple did not violate securities laws by selling the digital asset.
The SEC’s lawsuit, which was filed in December 2020, caused significant damage to XRP’s reputation and value. Since then, several exchanges have either delisted or suspended trading the token. However, on Thursday, Judge Torres dismissed the case, marking a major w
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