Ripple CEO Urgent Warning: XRP Scams Exploding on YouTube, Don't Lose Money Because of a Sweet Trap

Brad Garlinghouse, CEO of Ripple, has issued a serious warning to XRP investors in light of the increasing fraudulent activities targeting investors on social media platforms like YouTube. This warning comes after numerous reports of scam accounts impersonating Ripple and the company's executives, with the aim of deceiving users into sending XRP. Ripple Warns Investors About Increasing XRP Scam Situation On July 23, Garlinghouse took to social media X to warn about the sharp increase in XRP scams, while urging investors and community members to remain vigilant. According to the CEO of Ripple, scammers are taking advantage of the market's growth and the excitement of the community to intensify impersonation schemes, particularly targeting unsuspecting XRP holders.

One of the most notable developments that Garlinghouse warned about is the recent increase in fraudulent activities on YouTube, where scammers have taken over existing channels, renamed them to resemble recognized Ripple accounts, and started promoting misleading content impersonating the cryptocurrency company and its executives. On the official X account, the Ripple team emphasized that these YouTube accounts are legitimate and do not belong to the cryptocurrency company, even though they appear very convincing. In many cases, the usernames have been altered to mimic the official company name, often causing unsuspecting users to have difficulty detecting the scam. These scam videos often promise gifts, rewards, or investment multipliers, usually requiring users and investors to send XRP in exchange for greater profits. Garlinghouse has emphasized that both he and Ripple will never ask for XRP from anyone under any circumstances. To combat the increasingly alarming threat of rapidly rising cryptocurrency scams, Ripple is actively and vigorously reporting these fraudulent accounts and encouraging its community to do the same. The company has reiterated that official channels remain the only reliable source of information and issued a direct reminder to always verify account names and links before participating. Notably, Garlinghouse ended his post with an important reminder to always be cautious of inevitable losses. He warned that "if it sounds too good to be true, it probably is." Ripple Alert Highlights Greater Threats Amid Market Recovery In addition to focusing directly on the impersonation scams on YouTube, Garlinghouse's report also mentions a broader trend of rising cryptocurrency fraud, which often spikes during periods of market recovery or optimism. This pattern, described by the CEO of Ripple as "lightning fast", shows that malicious actors closely monitor community sentiment and plan their campaigns to exploit emotional and financial excitement. Looking more broadly, the increase in XRP scams coincides with the recent price surge of this altcoin above $3.6. Additionally, they emerge after positive news such as Ripple's regulatory transparency and legal victories against the (SEC). As the price of XRP approaches its all-time high (ATH) and continues to grow, bad actors are exploiting this wave of optimism to launch wider networks, targeting investors through sophisticated scams and frauds. $XRP {spot}(XRPUSDT)