Ripple has issued an urgent warning regarding advanced deepfake scams circulating across social media platforms. Fraudulent campaigns promote a fabricated 100 million XRP airdrop using artificially generated videos featuring Ripple CEO Brad Garlinghouse to lure unsuspecting investors.
These scams exploit Ripple’s recent legal victories and associated cryptocurrency price surges for credibility. Historical patterns show that following regulatory wins – such as last year’s SEC penalty reduction ruling – scam attempts against XRP holders typically increase significantly.
Ripple CTO David Schwartz has repeatedly cautioned the community about such fraudulent schemes. Schwartz emphasized that all legitimate announcements are exclusively communicated through Ripple’s verified platforms, urging users to cross-check claims via official channels before taking action. On-chain analytics indicate heightened investor skepticism despite escalating fraud attempts targeting XRP assets.
Ripple advises strict security protocols including rejecting unsolicited token giveaway solicitations, never sharing private keys or personal data, and exclusively relying on authenticated sources for company updates. The firm continues to monitor and report these malicious operations to relevant authorities.