Ripple cautions users about growing deepfake scams as XRP reaches its highest price in years.
Ripple Issues Deepfake Scam Alert
Ripple has issued a warning about the rise in deepfake scams that are targeting the XRP community. Following a significant price surge for XRP, Ripple reminded users that the company will never ask for XRP transfers, including its executives like CEO Brad Garlinghouse and CTO David Schwartz.
How Scammers Use Deepfakes
Ripple released a video exposing how scammers have begun using deepfake technology to impersonate its top leaders. The video compared a legitimate message from Garlinghouse with a fraudulent deepfake video, urging XRP transfers. These scams, particularly those promoting fake giveaways, have increased over the past year.
Ripple’s Commitment to Combatting Crypto Scams
Ripple is actively working against crypto scams by monitoring and reporting suspicious activities. The company collaborates with other blockchain partners and encourages users to report fraud or other suspicious crypto activities to local authorities. Ripple has also been active in ensuring a crypto-friendly community, with its Chief Legal Officer Stuart Alderoty recently calling for action against anti-crypto lawyers.
XRP Price Surge Boosts Scam Activity
The warning comes as XRP’s price surged to $2.68, its highest since January 2018. The asset has jumped by 436% in the past month, including a 10% increase in the last 24 hours, driven by optimism about Ripple’s legal battle and potential spot XRP ETFs in the U.S.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
