Ripple warns that bad actors are stealing YouTube accounts and using them to impersonate the firm to shill their scams, including fake “XRP giveaways.”
Fraudsters and scammers are taking advantage of the recent crypto tailwind to up their attacks on the crypto community, warns Ripple CEO Brad Garlinghouse.
Garlinghouse said in a statement posted to X on Wednesday that the broader market rally has spurred scammers to impersonate the official Ripple YouTube account and potentially con users.
Losses to crypto scams hit a new record of $2.1 billion in the first half of 2025, beating the previous record set in 2022 of $2 billion and nearly equal to the total losses from all of 2024.
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