Ripple CTO Boasts He’s “Too Good” to Fall For Phishing Scams

• Ripple CTO David Schwartz boasts that he doesn’t fall for phishing scams.
• Schwartz’s feedback got here in response to an X person who had been victimized by a phishing rip-off.
• Reacting to the tweet, Schwartz asserted that such scams are widespread and may occur to anybody besides him.

Ripple CTO David Schwartz lately boasted in an X put up that he doesn’t fall sufferer to phishing scams. Scams have turn into ubiquitous on social media and more and more refined, however Schwartz says he’s “too sensible to fall for this sort of factor.”

Schwartz’s tweet got here in response to an X person, Cory Doctorow, who described a current phishing rip-off that stole his property. The X person’s thread started “I wuz robbed.”

The sufferer defined that the attacker, most likely a telephone phisher, pretended to be his financial institution and requested him for his financial institution particulars. As he failed to acknowledge the scammer, he misplaced greater than $8000 in property. Within the thread, Cory Doctorow narrated the lengthy story of the rip-off, which occurred over the Christmas holidays.

David Schwartz sympathized with the sufferer, saying “It might occur to anybody”. His remark got here after the current revelation by Ripple Co-Founder Chris Larsen that he had personally misplaced 213 million XRP tokens value $112.5 million to hackers. In keeping with his assertion, the assault started with “unauthorized entry” to a few of his accounts.

In a earlier incident, Ripple CEO Brad Garlinghouse was cloned utilizing synthetic intelligence (AI) software program, scamming XRP customers into sending their tokens to a “designated handle” underneath the promise that their deposits can be doubled. In response, Garlinghouse cautioned towards the unfold of “deepfake rip-off movies.”

Earlier this 12 months, Ripple’s CTO warned towards an evolving rip-off scheme concentrating on unsuspected OpenSea customers. He shared the screenshot of an electronic mail despatched to one of many attacker’s targets, and emphasised that he’s conscious and cautious concerning the unfold of those crimes.