Ripple CEO Brad Garlinghouse raised concerns over the recent attack on the Indian Supreme Court’s YouTube channel to promote a fraudulent XRP investment scheme. In an X post, Garlinghouse condemned the increasing number of scams and hacks targeting “innocent” crypto users.
Unfort this feels like my annual PSA (and yes, I sound like a broken record): @Ripple and execs will NEVER ask you to send us XRP. It’s pathetic to see scammers prey on & exploit innocent crypto users, and the ease at which social media platforms allow it to happen. Stop, spot,… https://t.co/XGDFcxY80T
— Brad Garlinghouse (@bgarlinghouse) September 20, 2024
Garlinghouse condemned the incident as “pathetic” and lamented that the community continues to fall victim to fraudulent activities. Addressing the recent hack, Garlinghouse reiterated that Ripple will never solicit XRP from the public.
XRP Scam: Indian Supreme Court’s YouTube Hacked
Yesterday, the Indian Supreme Court’s YouTube channel was compromised. The scammers used the channel to promote Ripple’s XRP token, luring individuals into an investment scam. Originally used to publish official announcements, the channel released XRP-related videos. The scammers rebranded the channel as “Ripple Official,” replaced the image with Ripple’s logo, and deleted the previous videos of the court.
Bitcoin ATM Scams Surge 10x Since 2020: $110M Lost in 2023The compromised channel violated YouTube’s community guidelines, so the platform removed it. Meanwhile, the Supreme Court assured that the original channel would be recovered soon. The court has also embraced new security measures to restrict further damage to the channel.
Ripple Alerts Clients
In his recent tweet, Garlinghouse cautioned his followers to avoid crypto scams and other threats. He directed readers to Ripple’s official website, which outlines essential security measures to protect against cryptocurrency scams.
Over the past few months, the crypto community has increasingly become vulnerable to crypto scams. Advanced technologies like deep fake defraud the community using images of prominent personalities, including Garlinghouse. Addressing these concerns, the crypto platform stated, “Ripple is deeply committed to combating these scams, and we are taking an active and aggressive stance against crypto fraud, working alongside other leaders across various cryptocurrency communities.”
