Ripple CTO Emeritus Sounds Alarm on Compromised XRP Wallet

As XRP remains one of the most targeted crypto assets amid the rising cases of fraudulent schemes, Ripple CTO Emeritus David Schwartz has discovered another potential attack from a major XRP wallet. In a recent post shared by the Ripple veteran, Schwartz issued a crucial warning to the XRP community after he declared the Xaman Foundation account on X as potentially compromised or fraudulent. Although Schwartz did not state the reason for his judgment, he tagged the Xaman wallet X handle, flagging it as a compromised or scam account, while cautioning XRP users about using the wallet. Prior to his warning, it appears that Schwartz had encountered suspicious posts or announcements from the account that seemed to have been falsely representing the project.

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