[Ripple Investor Scam Alert] What is XRP Plus and How It Became the Latest Scam in the Crypto Space

A new crypto scam seems to be targeting the XRP community. The latest fraudulent project is called XRP Plus, and it’s a fake cryptocurrency that aims at capturing the attention of the XRP community. Indeed, the scam includes David Schwartz as a member of XRP Plus. David Schwartz is the Chief Technology Officer (CTO) at Ripple Labs.

The information about this scam expanded among social media, specifically targetted to Chinese users. The information regarding XRP Plus spread among Weibo users, one of the most popular social networks in China, and Twitter.

Due to this situation, several XRP supporters started to comment on this issue warning users about the scam. Dr. T, one of the most popular XRP supporters on Twitter warned users about it.


As soon as the news spread, XRP supporters started to defend the integrity of XRP, that seemed to be under attack. Dr. T. suggested that the digital asset was being attacked by XRP haters.

This is not the first time that there is a fake XRP in the market. The last week, another digital asset known as XRP Classic has also been trying to attract investors. The coin has been listed in CoinMarketCap and other websites and the project seems to be just a scam. The white paper of this cryptocurrency was fake as well since the intention was to release scam crypto to the market, pump it and run away with some thousands of dollars.

During the last few years, several scams harmed the cryptocurrency market and space. Due to this situation, regulatory agencies have been very worried about how to regulate and improve the market. One of the main concerns that the U.S. Securities and Exchange Commission (SEC) has is related to fraudulent activities in the market.

A few other fake digital assets that were promoted a few days ago where Ethereum Classic Vision (ETCV) and Ethereum Nowa (ETN). These two assets aimed at sealing funds from Ethereum users that did not know how to proceed during the recently delayed Constantinople upgrade.

At the time of writing this article, XRP is the second largest digital currency in the space after Bitcoin (BTC). It has a market capitalization of $13.4 billion and each XRP is being traded around $0.3265.

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