Ripple CEO Brad Garlinghouse warned of a surge in XRP scams, particularly on YouTube, where fraudulent accounts impersonate Ripple and its executives. Scammers exploit market momentum to trick users into sending XRP, promising unrealistic returns. These fake accounts often mimic official Ripple handles, making identification difficult. The scams typically involve fake giveaways or investment opportunities. Garlinghouse stressed that Ripple never requests XRP from anyone. Ripple is actively reporting these fraudulent accounts and encourages community members to do the same. The company emphasizes verifying account handles and links before interacting. This scam wave coincides with XRP's price increase and positive regulatory developments. Garlinghouse highlighted that increased crypto fraud often follows market recoveries. He cautions investors to be vigilant, reminding them that offers that seem too good to be true usually are.
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