- A deep fake Brad Garlinlghouse XRP advertisement is promoting a fraudulent giveaway.
- Investors have expressed concerns to YouTube through reports.
- The ad has reportedly been cleared and is considered non-violating of Google’s policies.
The cryptocurrency industry has come under the relentless onslaught of malicious actors who aim to exploit investors through persistent hacks and scams. Despite the industry’s efforts to bolster security measures, these threat actors continue to adapt, leveraging advanced technology to amplify their deceptive tactics.
The ascent of artificial intelligence has added a complex layer to this challenge with a downside of sophisticated impersonations, and cryptocurrency investors are not immune.
Deep Fake Video of Ripple CEO Promotes Fraudulent Giveaway
An artificially-generated video of Brad Garlinghouse has surfaced on YouTube, presenting a fraudulent giveaway enticing users with an offer of 100 million XRP tokens.
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The deceptive ad, which has reportedly been running since November 25, 2023, prompts investors to engage by scanning a QR code and sending a minimum of 1,000 to a maximum of 500,000 XRP tokens to a designated address in exchange for a doubled return.
Users have raised concerns about the ad on YouTube’s Help Center, particularly its platform longevity. A German Reddit user claimed to have filed a complaint report regarding the ad, to which the platform’s support team replied that the video “does not violate Google’s policies.”
“Youtube is pushing a "Doubling Money Scam" for over a month. When reported they responded "it does not Violate Google's policies" and they weren't going to remove it.”
Investors are advised to remain cautious and stay vigilant to avoid falling prey to these scams.
Read more on scam attempts by malicious actors:
Caution: Ripple’s SEC Victory Triggers Wave of Investor Scams
A British Virgin Islands court has issued a blanket ban on Kyle Davies’ and Su Zhu’s assets; read more:
3AC Co-founders’ Assets Worth $1 Billion Frozen by Court
