According to U.Today, fraud networks are using spoofed versions of bank names while Ripple conducts testing of the RLUSD token with financial institutions. The practice involves creating fake or altered representations of legitimate bank identifiers—such as logos, names, or contact details—to deceive XRP holders seeking assistance with transactions involving RLUSD. These impersonations aim to trick users into sending XRP under the guise of official banking support.
Ripple is currently testing RLUSD in collaboration with banks, though the scope and partners were not specified. The company’s activity includes working with financial institutions on the deployment or functionality of RLUSD. Scammers exploit this real-world engagement by mimicking bank identities to gain trust, increasing the risk for XRP holders interacting online or via messaging platforms.
There is no indication that banks themselves are involved in the impersonation; the source notes only that fraud networks are independently adopting stolen or altered brand names. Users who encounter requests from individuals or pages using bank-like language or visuals should verify through official, direct channels—such as contacting the bank’s verified website or customer service number—before sharing any digital assets like XRP.
