Ripple CEO Brad Garlinghouse has alerted the crypto community about a surge in sophisticated YouTube scams impersonating the company and promoting fraudulent XRP reward events. These campaigns intensify as XRP trades near $3.0 amid a significant price rally.
The scammers deploy AI-generated deepfake videos of Ripple executives to lend credibility, with counterfeit YouTube channels now exceeding the subscriber count of Ripple’s official account. This follows Ripple’s prior lawsuit against YouTube for failing to combat impersonation scams, a case settled confidentially after being filed in 2020.
Garlinghouse urged XRP holders to exercise extreme caution and verify announcements exclusively through Ripple’s authenticated channels. The coordinated timing of these scams during XRP’s market surge highlights persistent security vulnerabilities targeting cryptocurrency investors.