XRP News Today: Ripple CEO Warns XRP Investors of Fraud Surge as Token Rises 5.88% to $3.6

Ripple CEO Brad Garlinghouse has issued a direct warning to XRP investors, urging caution amid a surge in fraudulent activity targeting the cryptocurrency community. In a message posted to Ripple’s official X channel, Garlinghouse highlighted the growing threat of scammers impersonating the company’s team, particularly on YouTube, where new channels mimic Ripple executives to lure users with unrealistic offers. These scams often promise to double investors’ funds by directing them to specific cryptocurrency addresses, a tactic that has consistently resulted in lost funds and no returns [1]. The CEO emphasized that the rise in fraudulent schemes coincides with XRP’s recent price surge, which has driven the token to record highs.

The warning arrives as XRP’s price surpassed its January 2018 peak of $3.4, reaching over $3.6 last week. The token now ranks third in market capitalization, with its total value exceeding $200 billion. Garlinghouse noted that such market momentum often attracts opportunistic fraudsters, who exploit optimism and FOMO (fear of missing out) to deploy increasingly sophisticated schemes. These include AI-generated deepfakes and fake social media accounts designed to mimic legitimate Ripple communications. “As always, if it sounds too good to be true, it probably is,” he urged [1].

Garlinghouse’s message underscores the broader risks facing crypto investors as the sector grapples with rapid technological advancements. The proliferation of AI tools has enabled scammers to create convincing impersonations, blurring the lines between genuine and fraudulent content. Ripple’s CEO called for heightened vigilance, particularly when encountering offers that promise guaranteed returns or pressure users to act quickly. The company has pledged to monitor and report such scams, but Garlinghouse stressed that individual due diligence remains critical.

The urgency of the message reflects a broader pattern in the crypto space: periods of rapid price appreciation often coincide with spikes in fraud. While Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) continues, the company’s focus has shifted to protecting its community from external threats. Garlinghouse’s direct engagement with the XRP “army” highlights Ripple’s strategy of fostering trust through transparency, particularly as the token’s adoption gains momentum.

Investors are advised to verify the authenticity of any financial opportunity involving XRP. Garlinghouse reiterated that Ripple will not solicit funds through unofficial channels and urged users to report suspicious activity immediately. The CEO’s intervention serves as a reminder that while market conditions may favor growth, the same cannot be said for every actor in the crypto ecosystem.

Source: [1] [XRP Army Beware: Ripple CEO Drops Urgent Message to All Investors] [https://cryptopotato.com/xrp-army-beware-ripple-ceo-drops-urgent-message-to-all-investors/].