Scam risk warning ⚠️
Ripple Labs issued a fraud alert this week via social media platform X, warning of a sharp increase in XRP-related scams circulating on Youtube. The company said scammers are compromising legitimate Youtube accounts and rebranding them to impersonate Ripple’s official profile. These fraudulent channels are then used to promote deceptive schemes and solicit XRP from unsuspecting viewers. Ripple stated:
PSA: We’ve noticed an uptick of XRP scams on Youtube – scammers are stealing accounts and then updating the page to impersonate Ripple’s official account.
The company reinforced its policy by stating: “Reminder: Ripple or our execs will NEVER ask you to send us XRP.”
