Scammers pounce as crypto markets touch new all-time highs

Key Points

1. Scammers are impersonating Ripple's official accounts to promote fake XRP giveaways, with one scam video appearing as sponsored by Ripple.

2. Crypto scams reached a record $2.1 billion in the first half of 2025, surpassing the total from all of 2024.

3. XRP's price surged to $3.66 on July 18, nearing its 2018 high of $3.84, despite a recent 10% drop to $3.19.

4. Ripple previously sued YouTube in 2021 over impersonators but dropped the lawsuit later that year.

5. Scammers are using sophisticated techniques like Punycode attacks to spoof domain names and deceive users.