Ripple CEO Issues Warning as Fake XRP Scams Surge Amid All-Time High

• Ripple CEO Brad Garlinghouse warned investors about a rise in fake XRP investment scams using deepfake videos and stolen YouTube accounts.

• The scams surged after XRP reached a new all-time high and saw an increase in on-chain activity on the XRP Ledger.

• Ripple urged users to report suspicious accounts and reminded the public that it never asks for XRP deposits.

Ripple has issued a fresh warning to investors as fake XRP investment scams continue to spike across digital platforms. The alert comes directly from CEO Brad Garlinghouse, who took to X (formerly Twitter) to raise the alarm.

XRP Price Rally Draws Scammers

The warning follows XRP’s recent price rally, which saw the asset reach a new all-time high. Alongside the surge, on-chain activity on the XRP Ledger has intensified, creating a fertile ground for fraudsters. Garlinghouse noted that scammers exploit the XRP ecosystem’s growing excitement by impersonating Ripple executives and offering fake investment schemes.

Ripple revealed that scammers use stolen YouTube accounts to impersonate official Ripple pages. These pages are then used to broadcast deepfake videos of executives like Garlinghouse and CTO David Schwartz. In the fabricated content, viewers are urged to participate in phony airdrops or giveaways by sending XRP to a designated wallet.

Ripple has emphasized that neither the company nor its leadership will ever request XRP deposits from investors. These schemes are designed to appear legitimate but are orchestrated to steal funds.

Ripple Responds with Public Advisories

In response, Ripple has issued multiple public service announcements. The firm urges community members to report fraudulent accounts or suspicious activities. Garlinghouse reiterated that increased vigilance is critical as scammers intensify efforts during market upswings.

This is not Ripple’s first encounter with scam waves. The company has previously taken legal and public action to counter fake campaigns, especially following major developments like its 2023 partial legal victory over the U.S. Securities and Exchange Commission.

Despite the efforts to clamp down on scams, Ripple is also dealing with regulatory resistance. The American Bankers Association (ABA) has reportedly urged U.S. regulators to block Ripple’s bid for banking licenses. Pro-XRP lawyer John Deaton criticized the move, calling it a setback to financial innovation.

Ripple encourages all users to verify the authenticity of social media posts and video content. Any communication requesting XRP deposits should be treated as fraudulent. The firm continues to work with platforms like YouTube to take down impersonation accounts.

As XRP gains momentum in the market, the community is being asked to remain alert and informed. Scams are becoming more sophisticated, but Ripple insists that collective reporting and awareness can help safeguard the ecosystem.