XRP News Today: Ripple CEO Warns XRP Holders as YouTube Scams Surge and Price Drops 10.22%

Ripple CEO Brad Garlinghouse has issued urgent warnings to XRP holders following a surge in YouTube scams exploiting the platform to impersonate the company and promote fraudulent giveaways. The incidents, which intensified in late July 2025, involve deepfake videos and hijacked accounts rebranded to mimic Ripple’s verified branding. Garlinghouse emphasized the growing sophistication of these attacks, noting that scammers are leveraging rebranded channels and phishing tactics to exploit XRP’s recent market activity [1].

Scammers have been observed taking over active YouTube accounts, altering usernames, logos, and descriptions to resemble Ripple’s verified channels. These counterfeit accounts broadcast fake livestreams using recycled footage of Ripple executives, particularly Garlinghouse, to deceive viewers into sending XRP to fraudulent wallets. The goal is to exploit trust in the company’s reputation and capitalize on investor enthusiasm during market rallies. Ripple confirmed a significant uptick in such impersonation scams in a post on its verified X account, stressing that neither the company nor its executives would ever solicit XRP transfers [2].

Garlinghouse directly addressed the community on social media, highlighting the recurring pattern of fraudulent activity during periods of heightened market interest. “Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community,” he stated, urging users to remain vigilant. The CEO reiterated that Ripple’s legal team has long challenged platforms for enabling impersonation schemes, including a notable 2020 lawsuit against YouTube for failing to address similar fraud [3]. Despite these efforts, scammers continue to evolve their tactics, blending high-quality visuals with simulated engagement to evade detection.

The surge in scams coincided with a 10.22% price drop in XRP, raising concerns about the impact of misinformation on market sentiment [5]. Ripple has advised users to avoid unsolicited offers, verify account authenticity through verification badges, and report suspicious activity to platforms. Garlinghouse also cautioned against engaging with any scheme that appears “too good to be true,” a common tactic used by fraudsters to exploit FOMO (fear of missing out) and trust in established brands.

Analysts note that Ripple’s proactive stance reflects its broader strategy to safeguard the XRP ecosystem. However, the recurrence of such scams underscores the challenges of combating rapidly evolving fraud in a decentralized environment. Garlinghouse’s repeated warnings signal a growing awareness of risks, particularly during periods of market volatility. The company has collaborated with security experts to monitor and report fraudulent activity, though takedown efforts remain complicated by the nature of the platform [4].

Ripple’s message to the community is clear: vigilance is critical. Users are advised to ignore giveaway offers, double-check account details, and report impersonators to prevent further exploitation. As XRP gains wider attention, the company emphasizes that the onus lies on users to verify authenticity, given the lack of centralized oversight. The incident highlights the need for stronger platform accountability and user education to mitigate the risks posed by impersonation schemes in the crypto space.

Source:

[1] [Ripple Issues Red Alert as XRP Scams Resurface](https://www.ccn.com/news/crypto/ripple-red-alert-xrp-scam-brad-garlinghouse/)

[2] [Ripple Warns XRP Holders of YouTube Impersonation ...](https://www.ainvest.com/news/xrp-news-today-ripple-warns-xrp-holders-youtube-impersonation-scams-6-price-drop-2507/)

[3] [Ripple co-founder moves $175M in XRP in a week amid ...](https://cryptoslate.com/ripple-co-founder-moves-175m-in-xrp-in-a-week-amid-scam-surge-warnings/)

[4] [Ripple CEO Garlinghouse Sends Warning Message to ...](https://timestabloid.com/ripple-ceo-garlinghouse-sends-warning-message-to-xrp-holders/)

[5] [XRP Drops 10.22% Amid Ripple's YouTube Scam Alert](https://www.ainvest.com/news/xrp-drops-10-22-ripple-youtube-scam-alert-2507/)