Budgets and deceitors benefit from the back wind for the last encryption to lift their attacks on the encryption community, and the CEO of Ripple Brad Garlinghouse warns.
Garinghouse He said In a statement published in X on Wednesday that the broader market rally pushed the fraudsters to impersonate the official Ripple YouTube account and potential users.
The losses in encryption fraud amounted to a new record of $ 2.1 billion in the first half of 2025, beating The previous registry was recorded in 2022 with a value of $ 2 billion and is almost equal to the total losses of 2024.
XRP (XRP) rose to $ 3.66 on July 18 According to To Nansen, approached from the highest level in the 2018 code of $ 3.84 on Coinbase. Analysts also predict more upward trend, although prices have decreased by 10 % to $ 3.19 in the past 24 hours.
Meanwhile, Bitcoin (BTC) has made more than 7 % profit in the past 14 days, and is circulating with more than $ 119,000 for coin. ETHER (ETH) increased more than 31 % in the last 14 days, changing their hands for $ 3644 per code.
“Like ClockWork, with success and gatherings in the market, fraudsters intensify their attacks on the encryption community, please beware of the latest fraud targeting the XRP family on YouTube and impersonating the official Ripple character!” Garlinghyus said.
He added: “We will continue to report it – please do the same. As always, if it looks very good, it is likely that it is.”
The fraudsters steal the accounts
The official ripple account on x He said The bad actors do this by penetrating YouTube accounts and updating the page to impersonate the official Ripple character.
Ripple said: “Remember: Ripple or our Execs will never ask you to send XRP for us.”
X User under XTINAP handle He said One of these fraud was active from Tuesday and promised a free XRP gift to attract victims. The video is shown as Ripple.
“This looks very convincing. Budgets use accounts with 176,000 submarines to promote the fake XRP event, Ripple will never give gifts. Stay careful!” Xinarp said.
The official Ripple account on YouTube has more than 81,000 subscribers. YouTube did not immediately respond to a request for comment.
Ripple has a suit on YouTube on the defendants before
Ripple sued Youtube previously to lucky in April 2021, in search of damage and accusing the video sharing site of profit from the fraudsters.
It seems that one of the negatives mentioned in the lawsuit is similar to the trick used by bad actors now, which is the spear hunting attack, where the user’s account is penetrated and its content is erased, then returns to re -disguise as a free encoding character, free XRP flame.
However, Ripple brought down the lawsuit in March 2021, and Garinghouse said at the time that the encryption company and YouTube reached a decision and agreed to combat frauds together.
Related to: Ripple confirms the intention to follow the MICA license to expand the European Union
Other encryption companies committed suicide on Google as well
Ripple is not the only coding company that has lucky. SNIFER SNIFFer Security Company He said In the X Publishing on Monday, many direct search operations in Google related to encryption companies were found, fraud advertisements at the top of the results showed.
“Pro Tip for Defi users: Stop using Google Search about encryption sites unless you enjoy playing Russian roulette with your wallet!” Sniffer said the fraud.
Bad actors use Puncode attacks, according to Scam Snifer, which is a scared technique Exploited How international domain names are displayed in web browsers to show similar to the real website.
magazine: It leaves Win XRP Ripple and the industry with no legal coding group
The post Ripple Sounds Alarm on YouTube Scams After Crypto Price Spike first appeared on Investorempires.com.
