What to Know:
- RippleX has issued a warning about scams involving fake XRP livestreams.
- Scam attempts tend to increase during periods of market interest and ETF hype.
- Fraudsters commonly use fake giveaways and AI to impersonate official accounts and executives.
RippleX, the developer arm of Ripple, has issued a warning regarding fraudulent activities, specifically fake Ripple or XRP livestreams designed to deceive investors. With increased attention on XRP due to ETF speculation, scams are likely to become more prevalent, requiring users to stay alert. Ripple employees will never ask you to send funds, share wallet info, or join investment streams.
Ripple CEO Brad Garlinghouse has previously noted that scam attempts tend to become more frequent during market rallies. These scams often involve fake giveaways, promising returns like “send 10 XRP and receive 20 back.”
Fraudsters impersonate official accounts on platforms like YouTube and social media to appear legitimate. They also use AI-powered tools to mimic company executives, making scams more convincing.
According to blockchain security company Certik, losses from crypto scams surpassed $2.1 billion in the first half of 2025. The New York Post reported a 456% increase in AI-fueled crypto scams in July, highlighting the growing sophistication of these schemes.
Investors should remain vigilant and verify the legitimacy of any investment opportunities or requests for funds. By staying informed and cautious, investors can protect themselves from falling victim to these increasingly sophisticated scams in the crypto space.
Source: Original article
