Ripple CTO Falls Victim to Phishing Scam Amid Anti-Scam Initiative Launch
David Schwartz, CTO of Ripple, revealed on social media that he fell victim to a sophisticated phishing scam.
The scam involved the fraudulent opening of a support case with Apple, utilizing genuine Apple emails and web pages in SMS messages to deceive Schwartz into surrendering control of his Apple ID.
Despite the attempt, Schwartz remained cautious and did not succumb to the scammers due to their poor grammar in the SMS messages.
READ MORE: Finiko Crypto Ponzi Scheme Participant Sentenced to Three Years in Prison
The incident coincided with Ripple’s launch of an anti-scam initiative in partnership with Meta (formerly Facebook) and major cryptocurrency exchanges like Coinbase, aiming to combat fraudulent activities in the tech industry.
Ripple CEO Brad Garlinghouse emphasized the importance of collective action to eradicate scams from the tech ecosystem.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
