Ripple CEO Issues Warning on YouTube XRP Scams

Ripple CEO Brad Garlinghouse has issued a warning concerning a surge in YouTube scams targeting XRP holders following the token’s recent price surge.

This development highlights the persistent threat of scams in the crypto sector, prompting increased vigilance among XRP holders and market participants.

Ripple CEO Brad Garlinghouse recently warned the public about YouTube scams targeting XRP holders. He emphasized the risk associated with deepfakes, hijacked accounts, and fake promotions, urging the community to remain cautious.

Ripple had a previous legal encounter with YouTube for not addressing such scams. Despite a settlement, new scams have emerged following XRP’s recent highs. Garlinghouse remains committed to protecting users.

“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

XRP experienced a rapid price surge, reaching new cycle highs. However, the market reacted with caution amid scam warnings. Social platforms were flooded with focused scam alerts, seeking to protect users from potential fraud.

Scams have resulted in significant financial losses, with reported figures indicating over $2.1 billion in crypto scam losses in the first half of 2025. Users are urged to verify sources and report illegitimate activities to diminish these risks.

This situation mirrors past incidents, particularly the widespread scams of 2020-2021 that targeted the crypto community using similar tactics. AI-generated content has intensified the prevalence of these fraudulent schemes.

Experts from Kanalcoin suggest heightened security measures and user awareness are crucial in countering scams. The pattern of scams following bull runs highlights the need for robust scam prevention strategies in cryptocurrency markets.