Redditors report deepfake Ripple scam on YouTube

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Reddit customers have noticed a deepfake video of Ripple CEO Brad Garlinghouse asking XRP (XRP) holders to ship their cash to a sure handle, promising to ship again double the quantity, which is a typical technique employed by fraudsters. 

In a Reddit thread, a consumer of the net discussion board reported that they’d seen the commercial on YouTube as early as Nov. 25 and Dec. 3. Different Redditors within the thread additionally claimed to have seen related commercials on the platform and reported it. 

Screenshot of an unlisted YouTube video of the advert. Supply: YouTube

Within the video, a seemingly AI-generated likeness of Garlinghouse invited viewers to take part in an XRP occasion the place they need to ship tokens to a “designated handle.” In return, the character within the video promised to return “double the quantity” as a part of the pretend giveaway. 

On July 14, Ripple’s chief know-how officer, David Schwartz, warned investors against the rise of XRP scams after the July courtroom ruling in favor of the corporate in its battle with the Securities and Change Fee (SEC). Schwartz mentioned there aren’t any airdrops, giveaways or particular presents related to the ruling. 

Associated: Breaking down the ongoing token impersonation scams with DeFi execs

Regardless of telltale indicators of the video advert being an try to rip-off crypto customers, a Redditor claims that Google has refused to take down the commercial. The Reddit consumer shared a screenshot of a response by Google’s Belief and Security Group, saying that they’ve determined to not take away the advert. In accordance with the screenshot, Google’s crew mentioned the commercial didn’t violate their insurance policies, urging the consumer to ship extra data inside six months. 

Redditors additionally shared the hyperlink to an unlisted video of the deepfake advert on YouTube. On the time of writing, the video had over 17,000 views regardless of not being searchable on the platform. Reddit customers urged the neighborhood to keep away from interacting with the video’s QR code to keep away from shedding their cash. 

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