Dissimulating Ripple CEO Issues Alert on Misleading XRP Youtube Handouts
In the ongoing legal battle between Ripple and the SEC, the court has set a deadline for filing appeals and status reports on August 15, 2025. Meanwhile, the cryptocurrency community is bracing itself against a surge in XRP scam airdrops, particularly on YouTube.
Ripple CTO, Garlinghouse, has warned about a phony 100 million XRP drop and has emphasized that any valid project does not demand deposits. Users are advised to check the official X account and site of Ripple for any updates.
Scammers have been using deepfake videos impersonating official Ripple channels to lure unsuspecting victims into these scams. These videos often promise to double the XRP sent to a displayed wallet address, a clear red flag. Victims never receive anything in return.
To identify and report these XRP scam airdrops on YouTube, especially those involving deepfake videos impersonating Ripple officials, follow these steps:
- Identification of Scam Airdrops and Deepfake Videos:
- Look for unrealistic promises: Scam XRP airdrops often promise to double your XRP if you send them tokens, which is a clear red flag.
- Watch for impersonation of Ripple officials: Deepfake videos may use AI-generated faces and voices to mimic Ripple executives.
- Check the wallet addresses: Fake XRP airdrops often display wallet addresses to collect tokens. Verify wallet addresses through trusted sources or official Ripple communications.
- Beware of fake domains and platforms: Scams might involve fake exchanges or websites spoofing Ripple branding or related crypto services.
- Be cautious of unexpected tokens or NFTs: Some airdrop scams send unsolicited tokens containing malicious code or links.
- How to Verify Transactions:
- Use a block explorer to confirm if tokens were actually received, or if transaction attempts are “ghost transactions” designed to trick you.
- Reporting the Scam:
- Report the video to YouTube using their reporting tools, providing details about how the video is impersonating Ripple officials and soliciting XRP transfers.
- Notify Ripple through their official channels or support, providing video links and wallet addresses used in the scam.
- File a complaint with consumer protection agencies such as the California Department of Financial Protection and Innovation or your local financial fraud authority.
- Alert crypto communities about specific scams and deepfake videos.
- Preventive Tips:
- Never send XRP or other cryptocurrencies expecting a return unless directly verified by official Ripple communications.
- Avoid interacting with unsolicited tokens or links.
- Stay updated on scam alerts posted by Ripple and reputable crypto news sources.
In summary, be skeptical of any XRP airdrop video on YouTube that impersonates Ripple officials, especially those promising returns for sending XRP. Verify through trusted sources and block explorers, report the scam to YouTube and authorities, and avoid sending any funds. These scams have been increasingly using deepfake technology to impersonate Ripple leadership to deceive users.
- Garlinghouse, Ripple's CTO, has urged users to be cautious of phony XRP drops, emphasizing that legitimate projects don't require deposits.
- To prevent falling victim to XRP scam airdrops, users should verify any updates through the official X account and site of Ripple.
- Amidst the rise in XRP scam airdrops on YouTube, it's essential to report deepfake videos impersonating Ripple officials and soliciting XRP transfers to YouTube and Ripple.
- In the realm of crypto finance and technology, it's crucial to be vigilant about investing in cybersecurity when dealing with cryptocurrencies like XRP, considering the increasing use of deepfake technology in scams.
