XRP News Today: Ripple CEO Warns of Surge in XRP Scams as Token Hits 7-Year High of $3.65

Ripple’s Chief Executive Officer, Brad Garlinghouse, has issued a public warning about a surge in scams targeting XRP holders, as cybercriminals exploit the token’s recent price rally to $3.65, a seven-year high, to deploy fraudulent campaigns on YouTube. The scams involve hacked accounts, deepfake videos, and fake “XRP giveaways” designed to impersonate the blockchain payments company, according to multiple reports. Garlinghouse emphasized the need for vigilance, noting that bad actors are leveraging YouTube’s reach to spread misinformation and trick investors [1][2].

The latest price surge, which saw XRP briefly surpass $3.65 before retreating to $3.19, has drawn both legitimate traders and opportunistic scammers. Cybercriminals are hijacking YouTube channels to rebrand them as Ripple’s official presence, a tactic that includes fake investment offers and fabricated giveaway schemes. These operations often involve deepfake technology to mimic Ripple executives or create misleading content promoting fraudulent XRP transactions [3][4]. Garlinghouse highlighted that such tactics have become increasingly sophisticated, with scammers using social engineering to exploit the trust associated with Ripple’s brand [5].

Ripple’s warnings follow reports of a significant increase in impersonation attempts on YouTube. Scammers are not only targeting individual investors but also attempting to deceive businesses and institutional actors through fake promotions. The company has urged users to verify the authenticity of any XRP-related content by cross-checking with official Ripple channels. Garlinghouse reiterated that Ripple does not conduct giveaways or unsolicited promotions, a common feature of the scams [6][7].

The rise in scams underscores broader vulnerabilities in the cryptocurrency ecosystem, particularly as assets like XRP gain mainstream attention. Analysts note that the combination of high volatility and the digital-first nature of crypto transactions creates fertile ground for fraud. While Ripple has taken proactive steps to educate users, the decentralized structure of platforms like YouTube complicates efforts to swiftly remove fraudulent content [8][9].

Garlinghouse’s warnings align with broader industry concerns about the intersection of social media and crypto. As XRP approaches its 2018 peak price, the surge in scams highlights the need for robust user education and platform accountability. Ripple’s focus on combating impersonation schemes reflects its ongoing efforts to protect both its reputation and the interests of XRP holders [10][11].

Garlinghouse also referenced Ripple’s 2020 lawsuit against YouTube, alleging the platform failed to police fake XRP scams that defrauded users of millions. While the case was settled in 2021, Ripple continues to express concerns about the proliferation of crypto scams. The CEO reiterated the importance of user caution, stating, “If it sounds too good to be true, it probably is,” a recurring message in his public statements [1][2].

The fraudulent activities have coincided with a wider market rebound for cryptocurrencies, driven by a favorable political climate. XRP’s 44.7% increase over the past 30 days has attracted heightened attention, making it a prime target for exploitation. Ripple has advised users to remain skeptical of unsolicited offers and to report suspicious accounts to YouTube and other platforms. The company remains committed to working with law enforcement and technology firms to mitigate such threats [5][10].

As the crypto space evolves, the interplay between price volatility and digital infrastructure presents ongoing challenges. Ripple’s warnings serve as a reminder of the importance of due diligence in an environment where scams can rapidly adapt to market conditions. The CEO’s advocacy for user education aligns with industry-wide calls for stronger platform accountability, particularly as social media remains a critical vector for both legitimate and fraudulent activity [3][9].

Source:

[1] [ZyCrypto](https://zycrypto.com/youtube-xrp-scams-on-the-rise-after-record-breaking-price-rally-ripple-ceo-warns/)

[2] [Cointelegraph](https://cointelegraph.com/news/ripple-warns-xrp-scams-youtube-impersonators-rise)

[3] [CoinCentral](https://coincentral.com/ripple-ceo-brad-garlinghouse-alerts-public-to-escalating-xrp-scams/)

[4] [The Currency Analytics](https://thecurrencyanalytics.com/altcoins/brad-garlinghouse-warns-xrp-holders-as-scammers-exploit-youtube-and-deepfakes-187016)

[5] [AInvest](https://www.ainvest.com/news/xrp-news-today-ripple-ceo-warns-xrp-scams-youtube-price-surge-3-66-2507/)

[6] [TipRanks](https://www.tipranks.com/news/scammers-exploit-xrps-rally-with-fake-youtube-giveaways-ripple-warns)

[7] [AMBCrypto](https://ambcrypto.com/ripple-ceo-warns-of-deepfake-xrp-scams-as-token-surges-to-3-10-crashes)

[8] [Mitrade](https://www.mitrade.com/insights/news/live-news/article-3-983558-20250724)

[9] [Mitrade](https://www.mitrade.com/insights/news/live-news/article-3-984727-20250724)

[10] [AInvest](https://www.ainvest.com/news/xrp-news-today-ripple-ceo-warns-xrp-scams-youtube-price-surges-3-66-drops-13-3-19-2507/)

[11] [ZyCrypto](https://zycrypto.com/youtube-xrp-scams-on-the-rise-after-record-breaking-price-rally-ripple-ceo-warns/)