News

Ripple CEO’s Video Altered by Deepfake, Unmasking XRP Airdrop Scam!

Key Points:

Scam ads featuring a manipulated Brad Garlinghouse flood YouTube and X, luring users into a fraudulent XRP airdrop.
Cutting-edge AI technology creates convincing deepfakes, mimicking Garlinghouse’s speech to deceive victims. Lip movement disparities reveal the scam.
Despite YouTube safeguards, the scam spreads; testimonials highlight financial losses on X, emphasizing the need for heightened skepticism and verification.

In recent months, cryptocurrency enthusiasts have encountered fraudulent ads promoting a deceptive XRP airdrop scam featuring Ripple CEO Brad Garlinghouse.

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.

XRP Airdrop Scam Impact

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.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.