San Francisco, June 1, 2026 — Elon Musk, founder of xAI and owner of the X platform, has announced a major campaign against fake accounts promoting the cryptocurrency XRP. According to Musk, these accounts are actively spreading false information, creating artificial hype, and deceiving investors.

In his statement, Musk said that a network of bots and fake profiles is systematically misleading people by luring them into questionable schemes under the guise of “hot” XRP news. “We are actively identifying and blocking such accounts. This is not just spam — it is an organized attempt to deceive users,” he emphasized.

Accusations Against Ripple

According to information circulating in the community, this activity is allegedly part of an organized campaign sponsored by Ripple. The company is accused of using influencers, bots, and fake accounts to generate artificial hype around XRP with the goal of attracting as many new investors as possible — many of whom may ultimately lose money due to market manipulation.

Critics of Ripple claim that these tactics include:

•  Mass dissemination of fake news about partnerships and “breakthroughs.”

•  Coordinated bot activity to inflate discussions.

•  Hiring paid influencers to promote a positive narrative.

Ripple has not yet issued an official comment on these allegations. Previously, the company has repeatedly warned users about scam schemes using its name and deepfake videos featuring its executives and prominent figures, including Elon Musk himself.

Community Reaction

Musk’s statement has already sparked a strong reaction in the crypto community. Many XRP holders viewed it as an attack on the project, while others supported the initiative to clean the platform of bots and scammers. There has been a noticeable increase in reports of suspicious XRP-related accounts on X.

The X platform is intensifying moderation: thousands of accounts involved in crypto scams and manipulation have been blocked in recent months.

The editorial team is monitoring the situation. Investors are advised to exercise caution and verify information from official sources before making any financial decisions.