Fraudsters and fraudsters apply recent cryptocurrency to raise their attacks on the cryptographic community, warns that the general director of Ripple Brad Garlinghouse.
Garlinghouse he said In a statement published on Wednesday to X that a wider market rally encouraged fraudsters to impersonate the official Ripple YouTube account and potentially user savings.
Losses for cryptographic fraud achieved a fresh record of $ 2.1 billion in the first half of 2025, beating The previous record set in 2022 of $ 2 billion and almost equal to total losses from all 2024.
XRP (XRP) increased to USD 3.66 on July 18 According to To Nansen, approaching the previous token in 2018 in the amount of USD 3.84 on Coinbase. Analysts also provide for a greater advantage, despite 10% of the price to USD 3.19 in the last 24 hours.
At the same time, Bitcoin (BTC) has registered over 7% escalate in the last 14 days and trades for over USD 119,000 per coin. Ether (ETH) has increased by more than 31% in the last 14 days and changes hands for $ 3,644 per token.
“Like the watch, with successes and market rallies, fraudsters increase their attacks on the cryptographic community, watch out for the latest fraud focused on the XRP family on YouTube and impersonating the official Ripple account!” Garlinghouse said.
“We will report them – please, do the same. As always, if it sounds too good to be true, it is probably so,” he added.
Scammers steal accounts
Official Ripple account on x he said Evil actors do this by hacking YouTube accounts and updating the page to impersonate the official Ripple account.
“Reminder: Ripple or our directors will never ask us to send us XRP,” said Ripple.
User X under the Xtinarp handle he said One of these fraudsters was vigorous on Tuesday and promised a free XRP hand to lure victims. Displays the video as sponsored by ripple.
“This one looks very convincing. Fraudsters use 176k Subs accounts to promote a fake 100m XRP event, Ripple will never conduct gifts. Be careful!” Xtinarp said.
The official Ripple account on YouTube has over 81,000 subscribers. YouTube did not answer immediately at the request for comment.
Ripple sued YouTube about the lining earlier
Ripple earlier suffered YouTube of the lining in April 2021, looking for compensation and accusing the video sharing site of profits from cheaters.
One of the disadvantages listed in the lawsuit seems similar to the trick, from which evil actors now apply, an attack on a spear, in which the user’s account is hacked and its contents eras, and then configuring pretending as a evident form of cryptocurrency sewing free gifts XRP.
However, Ripple abandoned the lawsuit in March 2021, and Garlinghouse said that at that time the cryptographic and YouTube company came to the resolution and agreed to fight the fraud.
Related: Ripple confirms the intention of implementing the MIKA license to the EU extension
Other cryptographic companies just like in Google
Ripple is not the only cryptographic company suffering from the lining. Security company Sniffer fraud he said In post X on Monday he found several direct Google searches related to cryptocurrency companies, showed fraud at the top of the results.
“Pro tip for DEFI users: Stop using Google search for cryptographic sites, unless you like to play in Russian roulette with a wallet!” Sniffer’s fraud said.
Bad actors apply Punycode attacks, according to the Sniffer fraudster, falsification techniques that Exploits How international domain names in web browsers are displayed to look similar to a real website.
Warehouse: Win XRP leaves ripple and industry without a precedent set on cryptocurrency
