🔴Amid new market highs, Brad Garlinghouse has issued a warning: fraudsters are impersonating Ripple’s official accounts on YouTube, promoting fake XRP “giveaways.” Losses from crypto scams have already reached a record $2.1 billion in the first half of 2025 — surpassing 2022 and nearly matching all of 2024. On July 18, XRP hit a new 2018-era high at $3.66 before retreating 17% to $3.04 — fueling scammer activity even further.
🔴The typical scheme involves hacking major YouTube channels and creating fake Punycode websites. Scam Sniffer advises avoiding crypto services via Google search. Ripple emphasizes that the company and its executives never ask for XRP or conduct airdrops. Always verify domain names and report suspicious activity.