With the recent all-time high surge in XRP’s price on July 18, 2025, Ripple CEO Brad Garlinghouse cautioned the community about an upsurge in YouTube scams impersonating the company.
Garlinghouse’s alert underscores the challenges faced by the cryptocurrency sector amidst substantial market gains, as fraudulent schemes often target inexperienced traders, leading to market volatility and potential financial losses.
Garlinghouse Alerts on Surge in YouTube XRP Scams
Ripple CEO Brad Garlinghouse issued a warning regarding an increase in scams on YouTube following XRP’s price surge. Scammers have been impersonating Ripple’s official account, aiming at crypto enthusiasts who might fall prey to fraudulent schemes.
The official statement from Garlinghouse was shared on his X account, reiterating the company’s commitment to combat scams. This situation has intensified with XRP’s recent price rally, attracting more scammers to exploit the opportunity.
XRP Drops 10.22% Amid Security Concerns
XRP experienced a 10.22% price drop after scammers targeted the community, highlighting the vulnerability of digital assets to manipulation. This drop followed a peak, showing the immediate market reaction to security threats.
The alarming rise in crypto scam losses, nearing $2.1 billion, signals heightened risks for investors. Experts emphasize the need for regulatory measures and technological solutions to safeguard investors and ensure a secure trading environment.
Ripple Faces Ongoing Battle with YouTube Fraud
Ripple’s challenge with YouTube scams dates back to a 2020 lawsuit highlighting historical frustrations. Despite the lawsuit’s withdrawal, the advent of AI-driven scams highlights greater dangers in the cryptocurrency realm.
“Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community — PLEASE BEWARE of the latest scam targeting the XRP family on @YouTube and impersonating @Ripple’s official account! We will keep reporting these – please do the same. As always, if it sounds too good to be true, it probably is.” – Brad Garlinghouse, CEO, Ripple
Expert insights from Kanalcoin suggest the increase in deepfake technology contributes significantly to scam proliferation. Historical trends reveal that without robust safeguards, such malicious activities are likely to continue, impacting market stability.
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