XRP Trading Volume Skyrockets—New ATH Sparks Wave of Deepfake Scams Hunting Crypto Investors
XRP's record-breaking rally isn't just attracting bulls—it's drawing bloodthirsty scammers armed with AI deepfakes. Here's how the chaos unfolds.
The ATH Frenzy
As XRP smashes through its all-time high, trading volume explodes like a meme coin on Elon's Twitter feed. Retail FOMO meets institutional greed—as usual.
Deepfake Danger Zone
Fraudsters now clone exec voices and fake live streams, 'confirming' bogus XRP partnerships. Because why hack wallets when you can hack trust?
Wall Street’s Silent Snicker
Traditional finance vultures circle, whispering 'told you so' while quietly accumulating positions. The irony? They’ll profit either way.
Stay sharp. Verify everything. And maybe—just maybe—don’t trust that 'Ripple CEO' suddenly DMing you about a 100X 'secret deal.'
Deepfake video surfaces
As XRP’s price action grabs attention, scammers have moved quickly to exploit the moment.
On July 18, a deepfake video circulated on the social media platform X (formerly Twitter), showing what appeared to be Ripple CEO Brad Garlinghouse promoting a fake XRP giveaway.
The video featured a convincing AI-generated impersonation of Garlinghouse, praising the community for its support in Ripple’s ongoing legal battle with the US SEC. The impersonator then promised a 100 million XRP airdrop and directed viewers to visit a fraudulent website.
Ripple’s Chief Technology Officer David Schwartz quickly debunked the video, labeling it a scam and warning users that the clip was AI-generated and unaffiliated with the firm or its leadership. He also urged the community to stay vigilant against phishing attacks, which often coincide with market upswings.
These schemes typically lure users with fake rewards and prompt them to enter sensitive wallet details, leading to theft.
Notably, Garlinghouse has frequently spoken out against such tactics. Last year, Ripple released an official warning featuring the CEO to raise awareness about the growing use of deepfakes and impersonation scams in the crypto industry.
