[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.

https://twitter.com/XRPTrump/status/1085521634125967360

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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide