DEVELOPING: XRP Community Receives Dire Warning

November 13, 2023 10:10 am Comments

The XRP community has received a dire warning from both Attorney John Deaton and vigilant crypto investors.

According to reports, a widely circulated AI deepfake of Ripple CEO Brad Garlinghouse is instructing people to send their XRP to a scam wallet in order to claim a double bonus of 1,000 XRP. U Today sounded the alarm:

The scam entices victims with a seemingly lucrative offer, which is to send at least 1,000 XRP and earn twice as much in return. The video’s voice, which accurately mimics the Ripple CEO, offers quick returns to people who participate in this so-called community-support initiative.

Deepfakes are AI-generated videos that simulate the exact appearance and sound of someone or something. Sometimes deepfakes are used for parody or entertainment purposes; however, deepfakes are increasingly used to commit fraud.

Make sure you avoid all scams including the current deepfake Brad Garlinghouse scam and any others where you are asked to send crypto or reveal your private keys. Never give someone your keys, your funds, or access to your wallet.

Numerous members of the XRP army shared the scam video and warned the broader crypto community:

Bloomberg featured this related report that explained:

Globally, cybercrime costs, including scams, are set to hit $8 trillion this year, outstripping the economic output of Japan, the world’s third-largest economy. By 2025 it will reach $10.5 trillion, after more than tripling in a decade, according to researcher ­Cybersecurity Ventures.

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