Key Points:
These ads, widely circulated on platforms like YouTube and X (formerly Twitter), employ sophisticated artificial intelligence (AI) to manipulate video content, making it appear as if Garlinghouse endorses the fraudulent scheme.
The scam, disguised as an opportunity for users to receive free XRP, instructs victims to send a certain amount of XRP to a designated crypto wallet. Despite the apparent authenticity of the ads, keen observers may notice discrepancies between Garlinghouse’s lip movements and the spoken content, revealing the use of deepfake technology.
Despite YouTube‘s robust safeguards against scams, these deceptive ads managed to circulate widely. However, the situation escalated when the ads began dominating X users’ feeds, raising concerns about the platform’s ad screening process.
Garlinghouse, alarmed by the surge in deepfake scam videos, took to Twitter in November 2023 to issue a warning and remind users to verify information through official Ripple channels. Ripple CEO emphasized the importance of skepticism in the face of such scams and urged the community to rely only on approved messages from legitimate sources.
The rise of deepfake technology, enabling the manipulation of voice and video content, has facilitated the spread of scams. Regrettably, numerous individuals have fallen victim to these deceptive tactics, losing money as a result. As the crypto community grapples with these challenges, staying vigilant and verifying information from reliable sources remains paramount to avoiding financial pitfalls.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Willemstad, Curaçao, 4th November 2024, Chainwire
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