What to Know:
- Ripple has issued a warning to the XRP community about a surge in scam activity, particularly on platforms like YouTube.
- Scammers are using fake live streams to impersonate Ripple executives and promote fraudulent XRP giveaways, urging users to send XRP with false promises of returns.
- Ripple emphasizes that it will never ask users to send XRP for any reason and urges the community to remain vigilant against these schemes.
Following the success of its Swell conference, Ripple is proactively addressing scam activity targeting XRP holders. The company has issued a reminder to the XRP community, cautioning against fraudulent schemes that have surfaced, particularly through fake live streams on platforms like YouTube. This warning highlights the ongoing need for vigilance in the crypto space.
Scammers often exploit major events like Ripple Swell by creating fake live streams impersonating Ripple executives. These streams promote fraudulent XRP giveaways, including “doubling” schemes that trick users into sending XRP to a specified address. Ripple has consistently denounced these schemes as scams, emphasizing that it will never ask users to send XRP for any reason.
We saw a big surge in fake “Live” YouTube videos during and after Swell.🚫
Reminder: @Ripple will NEVER ask you to send us XRP. Stay vigilant! https://t.co/uPOSNqDso6
— Ripple (@Ripple) November 14, 2025
Ripple’s executives have also publicly denounced these fabricated giveaway schemes, reinforcing the message that any livestream impersonating Ripple leaders and soliciting participation in a giveaway should be considered fraudulent. RippleX, the company’s arm focused on XRPL developments, has also warned about deepfake scams targeting community members. Remaining cautious is critical.
The rise in sophisticated scams targeting XRP holders underscores the importance of community awareness and education. As the crypto landscape evolves, investors must stay informed about the latest tactics used by scammers to protect their assets. Staying vigilant and verifying information through official channels remains the best defense against these malicious activities.
Source: Original article
