Cryptocurrency enthusiasts beware! A surge in deceptive XRP airdrop ads, featuring Ripple CEO Brad Garlinghouse, has flooded online platforms. The ads, prominently seen on YouTube and X (formerly Twitter), employ sophisticated artificial intelligence to fabricate Garlinghouse's endorsement, enticing users to send XRP for a promised airdrop. Despite YouTube's safeguards, these scams persist, gaining traction on X.
Disconcertingly, the ads utilise deepfake technology, manipulating Garlinghouse's recorded footage to convey false messages. Garlinghouse, addressing the issue in November 2023, exposed the rising threat of deepfake scam videos. He cautioned users to verify information, emphasising that official communications only originate from Ripple's official accounts.
While YouTube initially harboured these misleading ads, their prevalence on X raises concerns. Testimonials recounting financial losses on X underscore the effectiveness of these scams. The deceptive tactic involves duping users into sending XRP with the false promise of doubling their investment, as lamented by a victim on X.
X faces persistent challenges combating cryptocurrency scams, a predicament amplified by scammers employing Elon Musk's images in previous incidents. The company's response to crypto scams remains uncertain, prompting questions about the seriousness with which they address the issue. Despite inquiries, X has yet to provide insights into the recent surge in deceptive Ripple ads.
As users grapple with losses and unanswered queries, it is crucial to exercise caution. Individuals or platforms promising cryptocurrency returns in exchange for upfront payments are likely perpetrating scams. Until a robust solution is implemented, users are advised to stay vigilant and only trust official communications from legitimate sources.
In the evolving landscape of cryptocurrency, scams leveraging advanced technologies pose significant threats. As demonstrated by the XRP airdrop ads, deepfake manipulation continues to exploit unsuspecting users. Navigating this crypto Wild West requires constant vigilance, scepticism, and a commitment to verifying information to protect oneself from falling victim to such deceptive schemes.
Speculation arises as 31 million XRP tokens worth $16.87 million are transferred to Bitstamp exchange, signaling potential market dynamics shift. Analysts closely monitor XRP's performance amidst critical resistance levels.
Huang BoAnalysts Egrag Crypto and Dark Defender forecast significant gains for XRP, predicting a breakout between $1.2 and $1.5 despite recent dips.
Xu LinXRP's trading volume doubles amid $400 million market sell-off. Despite recent positive developments like SEC's Ethereum ETF approval and Coinbase's XRP trading resumption in New York, XRP sees 0.32% dip but maintains strong trading activity.
Huang BoA surprising withdrawal of 19.21 million XRP from Binance prompts speculation in the crypto community. Analysis reveals intricate transaction patterns, raising questions about the destination address 'rarG6.' Despite the transfer, XRP's price remains stable, signaling ongoing investor interest.
EdmundElon Musk announces Community Notes translation feature on X, sparking excitement in XRP and meme communities. Meanwhile, Musk and industry leaders critique Microsoft's new AI, raising concerns about privacy and innovation.
Xu LinRipple Labs transfers 50 million XRP tokens, valued at $25.7 million, to an undisclosed wallet, following a similar move last week. Market speculation ensues. XRP remains stable at $0.5114.
Huang BoMay 30 sees a pivotal public hearing in the Ripple Labs class action lawsuit, addressing motions to exclude testimonies and a summary judgment motion. Implications extend to the broader legal landscape, including the SEC v. Ripple case. Ripple CEO's recent comments stir market speculation, while XRP trades at $0.51 with slight declines.
EdmundRipple's XRP whales accumulate 110 million XRP amidst legal battles, signaling confidence. Despite challenges, market sentiment rises with XRP's price up 1.8%. Legal uncertainties linger, impacting future trends and investor focus.
Xu LinRipple sells 150 million XRP from reserves, totaling $75 million, inflating supply by 0.25%. This contributes to an estimated yearly inflation rate of 4.35%. Historical data shows Ripple's sell-offs often lead to local price crashes for XRP. Current market situation sees XRP trading at $0.507, down nearly 7% post-sell-off, with weak momentum indicated by RSI. Monitoring Ripple's activities crucial for understanding XRP's price and market dynamics.
EdmundRipple's CEO predicts US government scrutiny on Tether, sparking a clash between the two companies amidst Ripple's own stablecoin launch.
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JinseFinanceSleek, a Web 3.0 social network, innovates with Sleek Card and plans a marketplace for tokenizing expertise.
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BlockX
Coinlive The users of Celsius, a failed cryptocurrency lending platform, might still receive their Flare tokens after today’s distribution event.
OthersCheck out the guide to be potentially eligible for Scroll's airdrop.
TristanCoinlive Following the recent Aptos airdrop, there are more opportunities for free tokens in the near future.
Beincrypto
NulltxAirdrop hunters flocked to the MetaMask Swap and Polygon networks in an attempt to qualify for a possible token distribution from the popular cryptocurrency wallet provider.
Cointelegraph