Uphold Warns XRP Holders of New Phishing Scam
Uphold has warned its XRP holders of a new phishing scam that impersonates the exchange by asking users to download a bogus desktop application. Dr. Martin Hiesboeck, Uphold’s Head of Research, confirmed the fraudulent scheme via a Twitter alert and advised users not to click links, download attachments, or share personal data. Uphold, which holds over 1.5 billion XRP—ten times its BTC volume—reminded users that it never requests software downloads through emails or messages. The exchange also serves as the initial partner for the RLUSD stablecoin on the XRP Ledger. Ripple and its development arm RippleX have issued similar notices, warning of fake live streams, giveaways and deepfakes targeting the XRP community. Traders are urged to remain vigilant, verify communications only through official channels, and report any suspicious activity to Uphold support.
Neutral
This announcement is a security alert and does not affect XRP’s fundamentals. Scam warnings typically raise user caution and may cause minor short-term volatility, but they rarely drive sustained price movements. Traders should stay vigilant and report threats, yet the overall market impact remains neutral. Similar past phishing alerts led only to brief fluctuations without altering long-term trends.