XRP Scam: Ripple Issues Warning On Rising XRP Scam After SEC Lawsuit Ruling

Quick Summary:

According to the announcement, these XRP scams have preceded the order to pay a $125 million fine for violating securities laws in 1,278 institutional sale transactions.

Consequently, since the ruling, scammers have been exploiting the situation, leading Ripple to warn its users.

Ripple has alerted its community about increased fraudulent activities.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: Crypto scam 24/7 Cryptocurrency News Ripple (XRP) XRP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 18:19:57 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22000692

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 37 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #59

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