XRP News Today: Ripple CEO Warns of Deepfake Scams as XRP Drops 6% on SEC Delays

Ripple CEO Brad Garlinghouse has issued a direct warning to XRP holders about a surge in YouTube-based scams exploiting deepfake technology and impersonation tactics. The fraudulent schemes involve hijacked accounts rebranded to mimic Ripple’s official presence, including the use of its verified username “@Ripple.” These scams often feature recycled footage of Garlinghouse promoting fake “XRP doubling” events, deceiving users into sending tokens to scammers’ wallets [1]. Ripple reiterated its stance that neither the company nor its executives will ever request XRP for airdrops, giveaways, or promotions, urging users to verify account authenticity and report suspicious activity [1].

The scams follow a pattern of increased attacks during XRP’s market rallies, with scammers capitalizing on investor enthusiasm and trust in the brand. Garlinghouse emphasized the need for heightened vigilance, noting that scammers leverage high-quality visuals and simulated engagement to make their schemes appear legitimate [1]. Ripple has taken steps to combat the issue, including reporting fraudulent accounts and directing users to its verified profiles. The company also reiterated its 2020 lawsuit against YouTube over similar scams, which was settled but failed to fully eliminate the threat [1].

Community reactions highlight frustration over social media platforms’ enforcement. XRP holder XRPcryptowolf called for further legal action against YouTube, while others pointed to the challenges of combating fraud in a rapidly evolving digital landscape. Ripple’s legal team has defended its escrow mechanism, which structurally prevents token dumping, but the SEC’s regulatory delays continue to create uncertainty. XRP’s price dropped 6% following the SEC’s delayed approval of Bitwise’s crypto ETF, compounding investor anxiety [4].

Garlinghouse’s warnings underscore the broader risks of impersonation in crypto ecosystems. While XRP briefly rose 3.14% in late July, analysts caution that sustained gains depend on regulatory clarity. The broader market mirrored XRP’s volatility, with Cardano’s ADA futures open interest declining 9.48% as it struggled to hold key support levels [4]. Ripple’s focus remains on addressing fraud while navigating regulatory hurdles, with outcomes likely tied to the SEC’s final stance on crypto ETFs and token classification [1].

Source:

[1] [title1] [https://timestabloid.com/ripple-issues-fresh-critical-warning-to-xrp-holders/]

[4] [title4] [https://www.mitrade.com/insights/news/live-news/article-5-981104-20250723]