Ripple Shares Crucial Warning to XRP Holders After Swell

Following the success of its Swell conference, Ripple has issued an important reminder to the XRP community on X. 

The Ripple Swell conference, held earlier this month, was a major success, drawing leading financial stakeholders from around the world. During the event, several significant developments were unveiled, including a landmark $500 million funding deal involving major institutions such as Pantera Capital, Brevan Howard, Fortress Investment Group, and Marshall Wace, pushing the company’s valuation to $40 billion. 

Ripple Warns About Growing Scam Targeting XRP Holders 

However, even as Ripple hosted one of the most influential events in the crypto sector, scammers were simultaneously active behind the scenes, attempting to exploit unsuspecting investors. Ripple confirmed that it detected this malicious activity during and after the Swell event. 

Specifically, the company emphasized that it had seen numerous fake YouTube live streams during and after Ripple Swell. It is common knowledge that scammers often take advantage of big events or developments involving Ripple. 

During these periods, scammers typically set up fake livestreams that impersonate Ripple executives or showcase fabricated company announcements. These streams often promote fraudulent giveaways, including “doubling” schemes that instruct users to send XRP to a specified address with the false promise of receiving twice the amount in return.