Ripple CEO Brad Garlinghouse has issued a warning regarding the rising number of scammers impersonating the company's team with enticing offers.
Attention on YouTube
Garlinghouse stated that the scams are primarily focused on YouTube, where new channels emerge daily impersonating the Ripple team and its executives with lucrative offers for potential investors.
Scammer Strategies
History has shown that typical scams involve false promises to double funds sent to a specific address. Scammers hope that victims will fall for their impersonation, but no one has ever recovered their initial investments or made any profits.
Crypto Market and New Records
This warning comes at a time when the entire cryptocurrency market is experiencing significant growth, with many assets reaching new all-time highs. XRP is no exception, having set a new record above $3.6.
Garlinghouse's message highlights the importance of vigilance within the crypto community, especially given the increasing scams amidst the successful growth of the market.
