🚨 Ripple Alerts XRP Investors About Rising Scams on YouTube
⚠️ Ripple Labs has issued a warning to XRP investors about a surge in scams on YouTube. Scammers are hijacking legitimate YouTube accounts and rebranding them to impersonate Ripple's official profile.
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 stated. They emphasized that
Ripple or our execs will NEVER ask you to send us XRP.
📈 This warning comes as XRP's price has recently surged, nearing record levels due to renewed regulatory clarity following Ripple's lawsuit resolution with the U.S. Securities and Exchange Commission (SEC) and increased anticipation over potential approval of XRP spot exchange-traded funds (ETFs). Institutional adoption of XRP for cross-border payment solutions has also accelerated, contributing to a bullish environment in the cryptocurrency sector.
🎥 Ripple's CEO, Brad Garlinghouse, has been a frequent target of these scams. He has been impersonated in deepfake videos and fake giveaway campaigns that have cost victims billions. Garlinghouse actively denounces these scams and urges users to remain vigilant.
Ripple sued Youtube in 2020, accusing the platform of failing to adequately address pervasive XRP giveaway scams that impersonated Garlinghouse and other prominent figures.
However, the lawsuit ended in a settlement between Ripple and YouTube.