Ripple CEO Warns Against Fake XRP Giveaways on YouTube

Ripple CEO Brad Garlinghouse has cautioned the community against XRP scam airdrops. There are frauds who hack YouTube channels and use them to promote fraudulent offers. They start using deepfake videos that impersonate official Ripple channels. They are giving crypto payments in exchange of free XRP. Garlinghouse emphasizes that any valid project does not demand deposits. He is encouraging the users to implement caution and report frauds. He reminds the followers that Ripple does not request people to send XRP. Recently, Ripple had shot up to above 3 dollars per token.

A study conducted by cybersecurity in 2021 revealed that impersonation scams are the mainstream of crypto fraud. It stated that 78 per cent of frauds involve false identities. Approximately 22 percent of fraud costs concerned phony giveaways. Such losses amounted to 1.7 billion in the same year. The present-day fraudsters install AI deepfake technology that imitates the voice of Garlinghouse. Ripple reported that this ploy had been resurrected through YouTube about the XRP scams. The company has already sued YouTube in 2020 on the matter of impersonation. The result of that law suit was a secret agreement to combat fraud. However, fraudsters rose to the occasion and came back with their new tricks. Ripple anti-fraud team is still issuing warning and deleting information.

XRP Scam Surge Amid SEC Lawsuit Spotlight

The cautions are amid the lawsuit case that Ripple is facing with SEC. SEC has charged Ripple with unwarranted sale of XRP worth 1.3 billion dollars. Recent updates at the court table are that there was a proposed settlement of 50 million dollars. The deadline to file appeals and status reports is August 15, 2025. Criminals stir up need with bogus promotions as interest in the story increases. They hurry victims into “claiming XRP” via some crypto sending. The strategy has hit its peak with XRP touching peaks of over $3.66 in the recent past. Ripple CTO as well gave warning about a phony 100 million XRP drop. He mentioned that the fraudsters took advantage of Garlinghouse deepfakes after court victories.

False video overlays and hacked-YouTube are used to advantage scammers. They incorporate phony advisory images to pretend authenticity. Garlinghouse called on followers to cross check what they watch with official sources. He proposed to check using the official X account and site of Ripple. The scammed individuals are advised to report their baits through the Ripple and YouTube.Ripple CEO says fake XRP giveaways on YouTube is a scam and users should be careful.