XRP News Today: Ripple CEO Issues Warning on Fake XRP Giveaways Using YouTube Deepfakes

Ripple CEO Brad Garlinghouse has issued a public warning about fraudulent XRP giveaways promoted through YouTube, urging users to remain vigilant against scams exploiting deepfake technology and hacked channels. The alerts come amid a surge in impersonation schemes that mimic Ripple’s official content to trick users into sending cryptocurrency for fake airdrops. Garlinghouse emphasized that legitimate projects never require deposits, stating, “Ripple does not request people to send XRP” [1]. Scammers are using AI-generated deepfake videos to replicate the CEO’s voice and appearance, while hijacked YouTube accounts amplify the fraud’s reach. The company has reported incidents where fraudulent videos overlay false advisory images to create the illusion of authenticity, prompting Garlinghouse to advise followers to cross-check all claims with official Ripple resources, such as its website and social media channels [1].

The warnings highlight a broader trend in cryptocurrency fraud. A 2021 cybersecurity study noted that impersonation scams account for 78% of crypto fraud, with phony giveaways alone causing $1.7 billion in losses in that year [1]. Ripple’s legal team has previously taken action against these threats, including a 2020 lawsuit against YouTube over impersonation practices. While the case resulted in a confidential agreement to combat fraud, scammers have since adapted by employing advanced AI tools. The company’s anti-fraud team continues to issue alerts and collaborate with platforms to remove malicious content.

The timing of these warnings coincides with Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which alleges the company unlawfully sold $1.3 billion worth of XRP. A proposed $50 million settlement is under review, with court deadlines set for August 15, 2025 [1]. Garlinghouse and Ripple CTO David Schwartz have separately warned of fraudulent actors capitalizing on heightened public interest in the lawsuit. For instance, a fake 100 million XRP giveaway was recently reported, leveraging deepfake content to mimic the CEO’s recent court-related announcements. These tactics are designed to pressure victims into transferring cryptocurrency under the guise of claiming “free” tokens.

Ripple’s advice to users includes immediate reporting of suspicious activity via both YouTube and its internal channels. The company has reiterated that any request for XRP deposits in exchange for airdropped tokens is a red flag. Garlinghouse’s warnings also underscore the growing role of AI in enabling sophisticated fraud, with deepfake overlays and voice imitations making scams harder to detect. While the firm acknowledges the challenges posed by evolving scam techniques, it remains committed to raising awareness and collaborating with platforms to mitigate risks.

Source: [1] [title1Ripple CEO Warns Against Fake XRP Giveaways on YouTube] [url1https://coinfomania.com/ripple-fake-xrp-youtube-giveaways-warning/]