A new fraudulent deepfake has spread on X (Twitter). It claims that Ripple has launched a rewards program for 100 million XRP.
The scam appeared shortly after XRP updated its historical maximum. The price increase was fueled by overall market optimism, investor interest, and the growth in the number of new addresses on the Ripple network.
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The new Ripple ATN has attracted fraudsters:
The AI-generated video shows a digital version of Ripple CEO Brad Garlinghouse.
In the video, he thanks the community for their support in the legal battle with the SEC and announces a festive airdrop.
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"Four years ago, we entered a battle we did not choose. But we defeated the SEC... I am launching the Ripple rewards program. Airdrop pool of 100 million XRP has been created for you," says the fake video.
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The fraud quickly spread, fueling excitement for the token that had just reached a new all-time high. The ATN update occurred due to investor interest and an increase in the number of new addresses.
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Not the first time...
Malefactors have attempted to exploit the conclusion of the Ripple case against the SEC before.
Previously, the company has faced waves of fraud on social media after each major court success.
In August 2024, fraudsters advertised fake XRP airdrops after Judge Analisa Torres ruled that Ripple only had to pay a $125 million fine. This was significantly less than the SEC's initial demand of $2 billion.
In 2023, the court ruled that XRP is not a security. After that, the number of deepfakes and phishing attacks aimed at investors increased.
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"Many fraudsters take advantage of the latest good news to deceive and steal. There are no airdrops, giveaways, or special offers related to this decision," warned the project's CTO David Schwartz.
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This time, Schwartz also posted a warning about a new scam on X (Twitter).
Despite the actions of fraudsters, analysts are confident in the growth of Ripple's price.
On-chain metrics show that XRP has potential for further growth.
However, with the rise of euphoria, the number of scams also increases. In this regard, the company constantly reminds users that the company and its management will never distribute tokens, request personal information, or demand money transfers.
