Ripple CEO Brad Garlinghouse has warned that scammers are once again targeting the XRP community, this time by impersonating Ripple on YouTube and promoting fake giveaway events.
Community member Xtina George was among the first to flag the scam, noting that YouTube channels with over 170,000 subscribers are pushing a fraudulent 100 million XRP reward campaign.
These accounts copy Ripple’s branding to appear legitimate, even though the real Ripple YouTube channel has fewer than 82,000 followers.
Ripple responded by clarifying that scammers are hijacking existing accounts and rebranding them to look authentic. The company stressed it will never ask users to send XRP. Garlinghouse added that as XRP gains visibility, bad actors become more aggressive, and he urged caution.
This isn’t the first time such tactics have been used. Ripple sued YouTube in 2020 over similar scams, eventually settling in 2021. Despite efforts to curb fraud, Garlinghouse believes social platforms still fall short in stopping these schemes.
The latest scam follows a recent deepfake video of Garlinghouse promoting a fake event, which Ripple’s CTO quickly exposed. These incidents coincide with XRP’s price surge earlier this month — a pattern that often draws scammers back into action.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/ripple-ceo-sounds-alarm-as-fake-xrp-giveaways-spread-on-youtube/