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Brad Garlinghouse warns again against giving away XRP, it’s all scams

CEO Brad Garlinghouse of digital payments company Ripple has divide An Important Public Notice (PSA) for the XRP Army Community. Even though Garlinghouse regularly makes similar claims, some crypto owners still fall victim to an “earthly” token scam.

Brad Garlinghouse – CEO of Ripple

Brad Garlinghouse never gave XRP away

Garlinghouse has repeated its PSA on crypto scams. According to him, a number of scams are targeting the XRP community.

“PSA every six months – I’ve noticed a recent increase in Ripple scams or I’m giving away XRP. 100% fake and trying to steal your crypto. Thanks for all reports of scams. Be careful!”

Any ad campaign that promises to “double” participants’ XRP investment (2 XRP back for 1 XRP sent to a specific address) is a blatant scam.

Neither he nor the Ripple company hold such promotions. Any attempt to profit from it leads to financial losses.

Millions of XRP tokens are sent to scammers’ addresses every month. Scammers launder crypto through centralized Tier 1 exchange platforms or crypto mixers.

Microstrategy’s Saylor has posed as a six-figure damage scam

Additionally, Garlinghouse thanks all crypto enthusiasts who have reported scams and urges other XRP holders to be on the lookout for malicious activity of this nature.

A week ago, someone sent $1.12 worth of bitcoin to a fake giveaway address maintained on behalf of Microstrategy CEO Michael Saylor.

Saylor said his team reported 489 such scams on YouTube in just one week. Although the incident lasted no more than a few hours, the scammers still collected millions of dollars from gullible investors.

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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.