Ripple’s legal team has issued a strong warning to the cryptocurrency community amid rising cases of fraud targeting XRP holders. The alert focuses on the growing use of artificial intelligence by scammers to impersonate Ripple executives and promote fake giveaways.
According to Stuart Alderoty, Ripple’s Chief Legal Officer, scammers are now deploying advanced tools like AI voice cloning to make fraudulent schemes appear more legitimate. These deceptive tactics often feature impersonations of Ripple CEO Brad Garlinghouse and other top officials to lure victims into fake XRP giveaways.
The company emphasized that it does not organize or sponsor any promotional XRP offers. Ripple has witnessed an increase in fake campaigns that purport to have the endorsement of its leaders. Such scams are usually found on social media and websites, and they aim to deceive users by providing fabulous information.
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Alderoty presented some of the scam templates that are in circulation today, such as pump-and-dump groups, phishing links, fraudulent investment opportunities, and methods known as pig butchering, wherein scammers establish long-term trust and then steal the money. Another point he made was that crypto owners should not, under any circumstances, provide anybody with their private keys or recovery phrases.
Alderoty (in his recent op-ed) advised crypto users not to click on unfamiliar links or respond to unsolicited messages. He also warned investors to ensure that they check everything about the project and conduct their due diligence before transacting any business.
AI Tools Amplify Threats as Fake XRP Giveaways Grow Online
Ripple’s internal investigations suggest that the use of artificial intelligence in scams is making fraudulent content harder to detect. Deepfake videos and AI-generated voices are now being used to simulate real Ripple announcements. This shift has made fake XRP promotions appear more convincing to unsuspecting users.
Despite these concerns, Alderoty noted that crypto is not inherently more dangerous than other online spaces. He referred to the statistics, according to which less than one percent of American crypto users have been affected by scams or hacks. Still, he emphasized the importance of remaining alert at all times.
Ripple is still following the situation and invites the community to report any suspicious activity. The company also reminded users that Ripple will always distribute information via verified channels, not random messages on social media and unverified websites.
Ripple has made it clear that it does not support any XRP giveaways and warned users to stay vigilant. The company is urging the community to be cautious as AI-driven scams become more sophisticated and widespread.
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