TL;DR
- Ripple’s CEO joined the official X channel of the corporate to warn its group a couple of rising variety of scammers impersonating the workforce with affords which can be too good to be true.
- XRP’s value has been booming currently, which could possibly be the explanation behind the surging variety of frauds.
Like clockwork, with success and market rallies, scammers ramp up their assaults on the crypto group — PLEASE BEWARE of the most recent rip-off focusing on the XRP household on @YouTube and impersonating @Ripple’s official account! We’ll maintain reporting these – please do the identical.
As… https://t.co/WodO4ZUyW9
— Brad Garlinghouse (@bgarlinghouse) July 23, 2025
The warnings are primarily centered on YouTube, as new channels emerge day by day that impersonate the Ripple workforce and its executives to make profitable affords.
Historical past has proven that the commonest such scams contain the fraudsters promising to double all funds despatched to a specific deal with, hoping that the sufferer will fall for a correct impersonation. For sure, nobody has ever acquired their funds again, not to mention any income.
The quick growth of AI has allowed these unhealthy actors to create much more lifelike variations of actual folks (often known as deepfakes). As such, the group must be extraordinarily vigilant when seeing such affords. Or, as Garlinghouse put it:
“As at all times, if it sounds too good to be true, it in all probability is.”
This warning is available in a time when your entire cryptocurrency market has gone by means of the roof, with a number of belongings charting new all-time highs. Ripple’s cross-border token is not any exception, because it broke its January 2018 peak of $3.4 and set a brand new document final week at over $3.6.
Regardless of retracing barely since then, it’s nonetheless some of the widespread crypto belongings, being third when it comes to market cap as its personal is nicely past $200 billion.
If you wish to examine how excessive XRP can go throughout this cycle, not less than based on ChatGPT, Grok, and Gemini, you may learn this text.
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