Ripple CEO Brad Garlinghouse has issued a strong warning about the growing number of scams targeting XRP investors. As XRP gains price momentum and attracts more attention, scammers are ramping up efforts to exploit unsuspecting users.
🔹 Garlinghouse Sounds the Alarm
On X (formerly Twitter), Garlinghouse expressed concern over an increasing number of fake accounts impersonating Ripple, especially on YouTube. Many of these scam profiles lure investors with fake “airdrops” or giveaways, asking users to send XRP in return. In some cases, deepfake videos are used to impersonate Ripple executives.
🔹 False Promises and Hijacked Accounts
Ripple has previously warned the public that the company will never ask investors to send XRP to receive a reward. Still, deepfake videos featuring CEO Brad Garlinghouse and CTO David Schwartz are being used to mislead the community. These videos falsely suggest promotional events, all with the aim of stealing digital assets.
🔹 Why Now? Price Surge = Scam Surge
XRP recently hit a new all-time high, with bullish predictions of continued growth. This spike in price has attracted waves of new investors—making the ecosystem a prime target for fraudsters. The surge in trading activity has only fueled the influx of scammers hoping to cash in on the buzz.
🔹 Ripple Urges Vigilance and Community Action
Garlinghouse is calling on users to remain vigilant and report suspicious accounts. Ripple is also stepping up its efforts to combat these scams and raise awareness.
But the company is facing more than just scammers. Ripple is also battling institutional resistance. The American Bankers Association (ABA) is reportedly pressuring regulators to block Ripple’s attempts to obtain a banking license. Prominent XRP advocate and attorney John Deaton has criticized the ABA’s actions as unfair and anti-competitive.
#Ripple , #xrp , #BradGarlinghouse , #Cryptoscam , #CryptoNews
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