Oh, the humanity! RippleX, the developer arm of enterprise blockchain firm Ripple, has issued a fresh warning about bad actors using fake Ripple or XRP livestreams. A tale as old as time, but with a digital twist. 🤖💸
“Ripple employees will never ask you to send funds, share wallet info, or join investment streams,” the company said. A sentiment as refreshing as a glass of lemonade on a summer’s day, if one were to compare corporate warnings to beverages. 🍋
Another uptick in scams? 🕵️♂️
Given that XRP is once again in the spotlight due to the ETF hype, there is likely to be another uptick in scams, which is why users have to remain vigilant. A bit like trying to keep a toddler away from a cake-possible, but not guaranteed. 🍰
Ripple CEO Brad Garlinghouse previously warned that scam attempts tend to become more frequent with each rally. A pattern as reliable as the tides, if not as romantic. 🌊
According to data provided by blockchain security company Certik, losses from crypto scams surpassed a total of $2.1 billion in the first half of 2025. A figure that would make even the most seasoned gambler blush. 💸
Main scam tactics 🤡
Fake giveaways (“send 10 XRP and receive 20 back”) tend to be the most popular type of scams. A classic “get rich quick” scheme, if one’s idea of quick is a week-long delay. 📦
Fraudsters are impersonating official accounts (YouTube, social media) to lend legitimacy to the scam while using AI-powered tools to mimic company executives. A level of cunning that would make a fox weep with envy. 🦊
In July, the New York Post reported that AI-fueled crypto scams were booming with an increase of 456%. A statistic so large, it could double as a mortgage. 🏠
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2025-11-12 08:42