Ripple CTO Warns XRP Holders to Avoid This Scammer

A new impersonation attempt targeting XRP holders has surfaced on X, using a fake video of Ripple CEO Brad Garlinghouse. The clip falsely claims that Ripple is launching a massive XRP giveaway following its lawsuit resolution with the SEC. The video shows Garlinghouse seated in what appears to be a corporate office setting, speaking directly to the camera about XRP’s future and announcing a 100 million XRP giveaway. It was posted by a verified account to target XRP community members, but Ripple’s Chief Technology Officer (CTO), David Schwartz, quickly responded, flagging it as fraudulent. pic.twitter.com/fL6rDF7Pv9 — David ‘JoelKatz’ Schwartz (@JoelKatz) July 30, 2025 Deepfake Video Targets XRP Community The clip appears to be a deepfake, a type of AI-generated content that mimics public figures using realistic visuals and voice synthesis. The tactic has been increasingly used in financial scams to gain the trust of unsuspecting viewers. What makes the timing of this scam notable is its connection to recent developments in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). In June, Ripple announced that it would drop its appeal against the SEC , with the CEO stating that the company was closing that chapter. The SEC is expected to take a similar approach, effectively ending the dispute that began in 2020. The scammer behind the deepfake is exploiting this news, using it to lend credibility to the giveaway hoax. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Avoiding Scammers in the Crypto Space Garlinghouse recently warned the community about similar scams on YouTube, where scammers impersonate Ripple’s official account to attack the community. According to the CEO, if it sounds too good to be true, it probably is. He noted that XRP’s success and market rallies have drawn out these scammers. However, the company constantly stays ahead of them, keeping the community updated on these scam tactics and ensuring everyone stays safe and secures their investments. The impersonation tactics used in this case align with broader trends in cryptocurrency-related fraud. Attackers often exploit trending topics, verified accounts, or legitimate user replies to increase the visibility of fake promotions. In some cases, they encourage victims to send tokens to an address with the promise of multiplied returns, only for those funds to be lost permanently. Schwartz is also known for regularly calling out impersonators and scams on X and has a consistent history of exposing these schemes. His response in this instance was clear and direct, and Ripple and its executives have consistently reiterated that they will never ask the community for XRP . Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CTO Warns XRP Holders to Avoid This Scammer appeared first on Times Tabloid .

Source: TimesTabloid