#CryptoScamSurge

Fake XRP Giveaways Surge on YouTube, Ripple CEO Warns

Ripple CEO Brad Garlinghouse issued a sharp warning as crypto markets hit new all-time highs: scammers are stepping up fake XRP giveaway schemes on YouTube, impersonating official Ripple accounts to lure victims into sending funds.

These deep‑fake ads, some promising “100 million XRP” or doubled deposits via QR codes and AI‑generated footage, are popping up on channels with tens to hundreds of thousands of subscribers.

With crypto scams costing users over $2 billion in H1 2025 cointelegraph.com+1beincrypto.com+1, this increased sophistication threatens trust in legitimate projects. Garlinghouse cautions, “if it sounds too good to be true, it probably is,” and urges users to stay vigilant and report suspicious content.

This crackdown could prompt platforms to tighten regulations—potentially affecting genuine creators as well.