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David SchwartzRipple's chief technology officer (CTO) addressed his army of X followers to warn them about a scam he recently encountered when transacting with his Coinbase account.
Ripple CTO Warns XRP Army
David Schwartz, known on social media platform X as @JoelKatz, posted a screenshot of an email he received from the alleged Coinbase support team. This email requires users to follow the link there to update their account.
It says that "some details in your account may need a quick review. Keeping your information up to date helps us provide you with a better, more seamless experience."
Schwartz warned the XRP community that this is a scam and they should not follow this link if they receive such an email: “Scam Warning: If you see an email that looks like this, it is a scam.”
The XRP community reacted with a wave of comments, thanking Ripple's CTO for issuing such warnings that help cryptocurrency users protect their holdings. A large XRP account @BankXRP with over 217,000 followers tweeted: “It's really cool that you're doing this, David, along with some other big X accounts to help protect the community.”
Related to
Schwartz warns community about XRP airdrops
As U.Today reported earlier, about a week ago, Ripple's CTO joined a discussion on taxation of cryptocurrencies and expressed a negative view on crypto tokens, especially XRP tokens.
The crypto community has warned Against falling for cryptocurrency drops even if they are not scams but completely legal. In particular, he stated that this could cause significant financial problems for recipients, especially in the United States and other countries where this type of income and cryptocurrencies are taxed.
While long-term capital gains are taxed when cryptocurrencies increase in value and are converted into fiat currencies, salaries received in cryptocurrencies, as well as airdrops, will make the holder pay taxes when they first receive the asset. The Income Revenue Services views all of these airdrops as taxable income.
XRP market performance
On Friday, the fourth-largest cryptocurrency by market cap saw a nearly 4% rise, rising from $2.27 to the $2.36 level.
However, overnight it has fallen slightly, and at the time of writing XRP is trading at $2.34050 per coin.
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