Reddit users have reported the presence of a deepfake video featuring Ripple CEO Brad Garlinghouse, urging XRP holders to send their tokens to a specific address with the promise of doubling the amount—a tactic commonly used by scammers.
The ad was spotted on YouTube, where several Reddit users claimed to have seen it from November 25 to December 3. In the video, an AI-generated likeness of Garlinghouse invites viewers to participate in an XRP event, urging them to send tokens to a “designated address.” As part of a fake giveaway, the character in the video promises to return “double the amount” sent.
XRP Had Previously Warned About Other scams, Clarifying That They do Not Engage in Airdrops, Giveaways, or Special Offers.
This is not the first warning related to XRP scams. Last July, David Schwartz, Ripple’s Chief Technology Officer, alerted investors about the increase in XRP scams after a court decision in favor of the company in its dispute with the Securities and Exchange Commission (SEC). Schwartz emphasized that there are no airdrops, giveaways, or special offers associated with that legal decision.
Despite obvious signs of a scam attempt in the video, a Reddit user claims that Google refused to remove the ad. They shared a screenshot of Google’s Trust and Safety Team response, stating that the ad did not violate their policies and requesting more information within six months. Google’s lack of action has raised concerns within the community regarding the company’s commitment and ability to address such issues.
Despite reports and community complaints, YouTube has not removed the specific deepfake video. Some Reddit users shared the link to the unlisted video but urged others to avoid interacting with the video’s QR code to prevent potential financial losses.
The prevalence of such scams is becoming more commonplace. Crypto industry experts, including Charles Hoskinson, recently warned that AI-mediated scams are becoming more convincing and professional. It is crucial for the community to remain vigilant against such scams, protect their assets, and warn others about potential threats.