Wed, December 18

Controversial Deepfake Scam Video of Ripple CEO Sparks Outcry

Ripple Eyes Stablecoin Market, Plans to Launch USD-Backed Stablecoin Altcoin News
  • The XRP community is furious because Google has decided not to delete the video.
  • The Ripple community has issued many cautions to market participants earlier.

A deepfake video impersonating Ripple CEO Brad Garlinghouse has been uploaded on YouTube. The video uses a tried-and-true tactic used by scammers to trick XRP users into sending their tokens for a promised double.

The XRP community is furious because Google has decided not to delete the video after several complaints, citing it does not violate any policies. This content management policy on YouTube and other major platforms is called into question by this contentious judgment.

Obvious Red Flags Yet No Action

Concern has broken out in the XRP community as a deepfake video purporting to be Ripple CEO Brad Garlinghouse has gone viral on YouTube, enticing XRP holders to submit their tokens in exchange for a promised hefty return. Scammers often use this strategy to deceive investors.

Moreover, the XRP community voiced their displeasure at the longevity of deepfake videos on YouTube. Investors have been repeatedly warned about the increase of XRP frauds by major Ripple officials, such as CTO David Schwartz and Ripple CEO Brad Garlinghouse.

An artificial intelligence–generated video of Garlinghouse appears in the deepfake video, which encourages viewers to take part in an XRP event by highlighting the suspicious behavior of transferring tokens to a specific address in the hopes of receiving a twofold return—a telltale indicator of fraud.

In a contentious decision, Google’s Trust and Safety Team has decided not to delete the deepfake ad, despite the obvious red flags and community outcry. The Ripple community has issued many cautions to market participants, urging them to avoid such scams.

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