Ripple CEO Fights Back Against Fake XRP Scams on YouTube
The post Ripple CEO Fights Back Against Fake XRP Scams on YouTube appeared on BitcoinEthereumNews.com.
Brad Garlinghouse condemns scammers who hacked India’s Supreme Court’s YouTube channel to promote a fake XRP scheme. Ripple’s CEO emphasizes the potential of the XRP Ledger to revolutionize global payments with a faster, more efficient alternative to SWIFT. Brad Garlinghouse, Ripple’s CEO, has addressed a scam employing Ripple and XRP that revealed after hackers took over India’s Supreme Court YouTube channel. The channel was compromised and rebranded as “Ripple Official,” with the logo changed to provide the impression of legitimacy. Unfort this feels like my annual PSA (and yes, I sound like a broken record): @Ripple and execs will NEVER ask you to send us XRP. It’s pathetic to see scammers prey on & exploit innocent crypto users, and the ease at which social media platforms allow it to happen. Stop, spot,… https://t.co/XGDFcxY80T — Brad Garlinghouse (@bgarlinghouse) September 20, 2024 Garlinghouse Warns Against Rising XRP Scams Targeting Ripple’s Reputation The hackers even uploaded a bogus video called “Brad Garlinghouse: Ripple Responds To The SEC’s $2 Billion Fine! XRP Price Prediction.” This fraudulent endeavor was intended to entice consumers into a bogus XRP investment plan by exploiting Ripple’s and its management team’s reputations. Garlinghouse stated his displeasure with the situation, emphasizing that Ripple and its officials will never urge anyone to send XRP. He advised the community to be watchful and careful about such frauds, underscoring the significance of raising awareness in the face of increased fraudulent activity. Unfortunately, Ripple has been targeted before. In the past, scammers used deepfake technology, including Garlinghouse’s voice, to promote fake XRP giveaway schemes. These frequent attacks highlight the difficulty the crypto industry has in preventing scams and preserving trust. On the other hand, as we previously reported, Garlinghouse recently discussed Ripple’s plans to create a US dollar-pegged stablecoin in the United States. This move…
Filed under: News - @ September 21, 2024 4:15 pm