Ripple CEO Brad Garlinghouse has warned XRP investors about a surge in scam activities on social media platforms, particularly YouTube. On July 23, Garlinghouse highlighted the increase in fraudulent accounts impersonating Ripple and its executives, which aim to deceive users into sending their XRP by promising rewards or investment multipliers. He stressed that neither he nor Ripple would ever request XRP from anyone.
The warning comes as XRP's price surged above $3.6, driven by positive regulatory developments and a legal victory against the US SEC. Garlinghouse noted that scams often spike during periods of market optimism, exploiting investor excitement. Ripple is actively reporting these fraudulent accounts and advises the community to verify account handles and links to avoid falling victim to these scams.
Ripple CEO Alerts Investors to Rising XRP Scams on YouTube
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