This Scam with Ripple CEO Making Rounds on YouTube

News
Tue, 03/24/2020 - 07:37
Alex Dovbnya
Ripple CEO Brad Garlinghouse and James Bond’s Daniel Craig have one thing in common -- their famous names being used to promote cryptocurrency scams
Cover image via www.youtube.com
Contents

There is yet another YouTube scam aimed at squeezing money out of cryptocurrency investors. 

This time, bad actors are impersonating Brad Garlinghouse, CEO of blockchain giant Ripple, to promote a fake giveaway of 50 mln XRP tokens. 

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You Can Lose All Your XRP Tokens If You Fall for This Ripple Scam

Avoid Ripple-related scams at all cost 

The bogus YouTube channel, which appears to have around 276,000 subscribers, was spotted by some members of the Ripple community who are now urging the video streaming behemoth to shut it down as soon as possible. 

The revelation comes just one month after U.Today reported on a YouTube stream that was broadcasting the interviews of prominent crypto personalities, including Garlinghouse, to cajole gullible users into putting money into similar airdrop scams. 

The rule of thumb here is to remember that the likes of Ripple and Ethereum never hold giveaways. Moreover, they will never ask you to deposit money in advance. 

Related
Jeremy Clarkson Gets Involved in Bitcoin Scam, UK Police Issue Warning: Details

Celebrities becoming involved in crypto scams

British actor Daniel Craig, who is famous for his role as James Bond, also fell victim to fraudsters. A YouTube ad for the postponement of ‘No Time to Die,’ his last movie as 007, redirected users to an article about a Ponzi scheme called ‘Bitcoin Era.’

The playground of crypto scammers extends far beyond YouTube -- they weaponize pretty much all popular social media platforms. Dutch TV mogul John de Mol even ended up winning a lawsuit against Facebook after the company failed to crack down on scammy Bitcoin ads. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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