Ripple CEO Brad Garlinghouse expressed concern about the increase in deepfake videos impersonating himself to promote fraudulent schemes and fake giveaways.
In a Nov. 13 post on social media platform
His response stemmed from a recent incident involving a deepfake video targeting XRP holders. The video shows Garlinghouse endorsing a fictional 100 million XRP giveaway, promising to double users’ holdings. The misleading video urged deposits ranging from 1,000 to 500,000 XRP for the supposed doubling of assets.
Garlinghouse warned the XRP community to be vigilant and advised them to verify information only through official Ripple channels. He further called out YouTube and questioned its oversight of the distribution of these misleading videos.
Garlinghouse’s history with YouTube
In 2020, Garlinghouse and Ripple filed legal action against YouTube, claiming the video streaming giant allowed scammers to promote fraudulent schemes that damaged their brand and reputation.
However, the case was settled in 2021 after the parties decided to “work together to prevent, detect and remove these scams.”
Meanwhile, Garlinghouse’s recent outrage has drawn support from the crypto community, with some urging him to take legal action against YouTube again, noting the role in promoting deepfake content.
The XRP Ledger Forensics team also warned XRP holders to remain wary of deepfakes and advised the community to avoid tempting but dubious ‘free money’ schemes.
Fake XRP ETF News
The XRP community is also grappling with the emergence of a bogus regulatory filing that suggested BlackRock was pursuing an XRP ETF.
CryptoSlate reported that the application was filed with Delaware’s Division of Corporations and was very similar to BlackRock’s applications for its spot Ethereum and spot Bitcoin exchange-traded funds.
However, a BlackRock representative told The Block that the filing did not come from the company, despite being filed under the name and address of one of its directors. The origin of the report is currently unclear.
