Ripple CEO Issues Urgent Warning as XRP Scams Surge Amid Market Rally
Ripple CEO Brad Garlinghouse has delivered a strong warning to the crypto community about a sharp increase in XRP-related scams. With XRP’s recent price highs and Ripple’s favorable regulatory developments, scammers have ramped up their operations—especially across platforms like YouTube.
Impersonation and Deepfakes Targeting XRP Holders
A wave of impersonation scams has emerged, with fraudsters posing as Ripple executives and using deepfake videos to deceive XRP investors. These fake accounts mimic Ripple’s branding and publish videos claiming to offer XRP giveaways or airdrops—usually in exchange for deposits from unsuspecting users.
Garlinghouse confirmed a rise in fraudulent YouTube channels pretending to be official Ripple accounts. These impersonators often hijack legitimate channels, rebrand them, and push deceptive content featuring deepfakes of Ripple leadership, including himself.
Ripple’s Chief Technology Officer, David Schwartz, also flagged one such deepfake, which falsely depicted Garlinghouse endorsing a fake airdrop. Ripple’s official X (formerly Twitter) account has emphasized that no executive ever requests XRP or solicits funds from the public. The company continues to urge users to report these scams and help shut down misleading content.
Scammers Exploit XRP Ledger Activity Spike
The growing use of the XRP Ledger and the recent increase in transaction volumes have also drawn the attention of scammers. Garlinghouse linked the rise in fraudulent activity to XRP’s positive market momentum and the legal clarity Ripple recently achieved.
As activity on-chain accelerates, scam tactics are evolving, becoming more coordinated and widespread. Ripple has repeatedly warned users about fake investment opportunities disguised as promotions or giveaways.
Garlinghouse called on the XRP community to remain vigilant, report suspicious activity promptly, and avoid engaging with any offer that requests deposits or personal information.
Final Thoughts
With XRP’s rising popularity and Ripple’s expanding influence in the blockchain space, scammers are intensifying efforts to exploit investors. Ripple leadership continues to sound the alarm, urging users to stay informed and cautious.
Staying alert, verifying sources, and avoiding unsolicited offers are now more important than ever as fraudulent schemes grow more sophisticated across the crypto landscape.
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