XRP News Today: Ripple CEO Warns of YouTube Scams Exploiting XRP Price Surge 11.54% 24-Hour Decline

Ripple CEO Brad Garlinghouse has issued a public warning about escalating YouTube scams impersonating the company’s official channel to exploit the XRP community amid a recent surge in the cryptocurrency’s price. The fraudulent accounts, which mimic Ripple’s branding and often boast subscriber counts exceeding the company’s authentic channel (currently at 81,900), are promoting a counterfeit 100 million XRP reward event. These scams trick users into sharing personal information or sending funds, leveraging the heightened interest in XRP following its record highs earlier this month [1].

Garlinghouse emphasized that such fraudulent activity is a direct consequence of XRP’s market momentum, stating, “Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community.” The CEO reiterated that Ripple and its executives would never solicit XRP transfers from users, urging the community to remain vigilant. This marks the latest in a series of cybersecurity challenges for Ripple, which previously sued YouTube in 2020 over inadequate measures against impersonation scams. While the case was settled confidentially in 2021, the persistence of such schemes underscores ongoing enforcement gaps on social platforms [1].

Community members, including XRP advocate Xtina George, have amplified calls for YouTube to strengthen monitoring and enforcement mechanisms. Scammers are increasingly deploying AI-generated content and high-profile impersonation tactics to create a false sense of legitimacy, complicating users’ ability to distinguish authentic content. The XRP community has been advised to report suspicious activity immediately and verify official communications through Ripple’s verified channels [1].

The timing of these scams aligns with XRP’s recent price volatility, which saw the asset peak at record levels before correcting to approximately $3.00 amid a 11.54% decline in the past 24 hours, according to COINOTAG data [1]. Such price fluctuations attract both investors and malicious actors, with scammers capitalizing on heightened market enthusiasm to deploy sophisticated fraud tactics. Garlinghouse has called for greater collaboration between social media platforms and crypto security experts to address these evolving threats, particularly as AI tools enable more convincing impersonations.

The incident highlights the broader risks in the crypto ecosystem, where rapid price movements often coincide with increased scam activity. Ripple’s leadership remains focused on advocating for enhanced security protocols and industry-wide cooperation to protect users. While the company continues to refine its own defense strategies, Garlinghouse stressed that platform accountability and user education are critical to mitigating future threats [1].

Sources: [1] [Ripple CEO Warns of Possible YouTube Scams Targeting XRP Community Amid Price Momentum] [https://en.coinotag.com/ripple-ceo-warns-of-possible-youtube-scams-targeting-xrp-community-amid-price-momentum/]