YouTube XRP Scams On The Rise After Record-Breaking Price Rally, Ripple CEO Warns
Main Idea
Ripple's CEO Brad Garlinghouse warns about the rise in XRP scams on YouTube, where scammers impersonate Ripple to promote fake giveaways, coinciding with XRP's recent price surge.
Key Points
1. Scammers are exploiting XRP's recent price surge, with the cryptocurrency reaching $3.65 earlier in the week and still up 44.7% over the past 30 days.
2. Brad Garlinghouse highlighted an increase in XRP scams on YouTube, where scammers impersonate Ripple's official account to promote fake giveaways.
3. Garlinghouse urged the public to be cautious and report such scams, emphasizing that if something sounds too good to be true, it probably is.
4. Ripple previously sued YouTube in 2020 over similar impersonation scams, which resulted in millions being stolen from victims in 2021.
5. Despite legal actions, Ripple continues to express concerns about the ongoing proliferation of crypto scams.
Description
Ripple’s Garlinghouse has warned the public against an abundance of XRP scams targeting users of the cross-border payments crypto on YouTube.
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