Crypto researcher BankXRP has issued a warning to XRP holders after detailing a recent payment request attack that resulted in the loss of 14,646 XRP, valued at approximately $16,800.
BankXRP brought attention to a transaction in which an XRP holder unknowingly sent funds to an attacker after being lured by promises of investment rewards. The researcher used the incident to remind users that scammers continue to exploit trust and carelessness rather than weaknesses in the XRP Ledger itself.
According to the X post, the victim lost 14,646.219964 XRP through a transaction that appeared legitimate on the surface. The attached transaction screenshot showed the payment had been successfully confirmed on the XRP Ledger, with the funds transferred from the sender’s wallet to a destination address controlled by the attacker.
🚨 SCAM ALERT: Another XRP holder just lost 14,646 XRP $16.8K to a payment request attack.
The bait? "10% monthly rewards" + a memo that reads Safe XRPL verify message." Attackers write the memo themselves Safe in there means absolutely nothing.
Always double check what you're… pic.twitter.com/kMhyeW5uyz
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 20, 2026
“10% Monthly Rewards” Used as Bait
BankXRP explained that the scam relied on a common tactic frequently seen across the cryptocurrency industry: unrealistic reward promises designed to encourage users to approve transactions without fully understanding them.
The researcher stated that the bait in this case was an offer of “10% monthly rewards.” Alongside the offer, the attacker included a memo that read “Safe XRPL verify message,” creating the impression that the transaction had some form of official verification or security check.
However, BankXRP emphasized that the wording provided no protection whatsoever.
“Attackers write the memo themselves,” the researcher wrote. “Safe in there means absolutely nothing.”
The attached transaction details support the point. The screenshot displayed a comment field containing the message “Verification” and “Safe XRPL verify message,” language that could easily convince an inexperienced user that the transaction had undergone a verification process or was connected to a trusted service.
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Human Error Remains the Biggest Risk
The warning focused less on technical vulnerabilities and more on user behavior. BankXRP stressed that payment request attacks often succeed because users approve transactions without carefully reviewing what they are signing.
Unlike traditional scams that rely on direct account compromise, payment request attacks typically involve convincing users to authorize transactions. Once approved and confirmed on-chain, the transfers cannot easily be reversed.
BankXRP explained that wallet software alone cannot fully protect users from these schemes. While wallets can provide warnings and transaction details, the final decision still rests with the individual authorizing the payment.
The incident serves as another reminder that cryptocurrency users must remain cautious when presented with investment opportunities, reward programs, or verification requests that require transaction approval.
As scammers continue to use persuasive language and misleading memos to create a false sense of legitimacy, careful review of every transaction remains one of the most effective defenses against losing digital assets.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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