Ripple CEO warns about XRP scams on YouTube after record price surge

Brad Garlinghouse, CEO of Ripple, has issued a warning about scams impersonating the company on YouTube, targeting XRP users after the cryptocurrency reached an all-time high. $XRP surged to $3.65 before a slight decline, but trading volume remains high.

Target audience and security challenges

Garlinghouse stated that with each price surge, hackers increase attacks on the crypto community. Ripple also noted that hackers seized account #YouTube and impersonated Ripple's official account to promote fake XRP giveaway programs.

Analysts believe that the increase in scams reflects the unique characteristics of the XRP holder base: largely older retail investors who may be less familiar with crypto security measures. This creates a system vulnerability, as scammers exploit the lack of digital understanding and take advantage of Ripple's legitimacy to create trust.

Although XRP holders have shown remarkable resilience over years of legal pressure, the fact that XRP is one of the most visible and actively traded tokens makes it a natural target for scam schemes. Members of the XRP community also emphasize that this is an industry-wide issue, and enforcement at the foundational level, rather than just warnings from Ripple, will be key to mitigating damage. #anhbacong