Ripple Warns of New Scam Targeting XRP Holders

Ripple warns of deepfake scams targeting XRP holders, sharing safety tips on how investors can avoid falling prey to these attacks.
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Key Points

Ripple warned XRP holders about fake livestreams and AI deepfake scams impersonating Ripple executives.
Scammers are using manipulated videos and fake giveaways to trick investors into sending XRP to fraudulent wallets.
Ripple urged users to verify information through official accounts as global crypto scam losses topped $2.1 billion in 2025.

Ripple has cautioned XRP holders about a sharp rise in scams involving fake livestreams and deepfake videos impersonating company executives. The alert comes as malicious actors increasingly exploit artificial intelligence (AI) to deceive investors amid renewed activity in the XRP market.

In an official post on X, RippleX, the XRPL development arm of Ripple, warned community members to remain vigilant against impersonation schemes spreading across social media platforms such as X, YouTube, Facebook, and Discord. The notice reminded users that legitimate Ripple representatives will never request funds, wallet details, or participation in investment streams.

Ripple urged users to verify any promotional claims only through Ripple’s official accounts, @Ripple and @RippleXDev, before engaging in XRP-related offers. The statement ended with a pointed reminder to “Keep your XRP yours,” reinforcing the importance of self-custody and caution.

Deepfake Scams Growing Across Platforms

The warning comes amid an alarming increase in AI-generated deepfake videos. Scammers have been using manipulated footage of Garlinghouse and other public figures to promote fraudulent XRP giveaways. These schemes typically promise to double deposited tokens if users send funds to a designated wallet address, an offer that often results in immediate financial loss.

Previously, Ripple’s CTO David Schwartz flagged a fake 100 million XRP airdrop circulating online, noting that scammers were using “post-court-win hype” and sophisticated visual overlays to mislead viewers. Many of these counterfeit videos appear in the comment sections under Ripple’s legitimate posts, adding to their deceptive credibility.

The problem has extended beyond Ripple’s ecosystem. South Korean media reported that hackers recently hijacked the YouTube channel of model and TV personality Han Hye-jin, streaming a fraudulent XRP giveaway featuring deepfake footage of Garlinghouse. YouTube has since taken down the compromised channel.

Ripple’s Legal and Security Response

Ripple has a history of confronting such scams. In 2021, the company and Garlinghouse reached a settlement with YouTube following a lawsuit over fake videos impersonating him to promote fraudulent crypto investments.

Blockchain security firm CertiK reported that global losses from crypto scams surpassed $2.1 billion in the first half of 2025, highlighting the industry’s growing vulnerability. The New York Post also documented a 456% rise in AI-driven crypto scams, underscoring the need for stronger detection measures and investor education.

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© 2025 CoinRemark. All Rights Reserved. The content provided is for informational purposes only and should not be construed as legal, tax, investment, financial, or professional advice. Readers are encouraged to conduct their own research before making any decisions related to cryptocurrency or digital assets.

Brenda Kanana

Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at CryptoPolitan and Blockchain Reporter.
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