Ripple has issued a fresh warning to XRP holders after detecting a surge in fake YouTube livestream scams during and after its Swell conference earlier this month. The company said scammers impersonated Ripple executives and promoted fraudulent giveaways aimed at convincing users to send XRP to malicious addresses.
The warning comes shortly after Ripple held one of its most successful Swell events to date. The conference attracted global financial leaders and announced a major $500 million funding deal involving Pantera Capital, Brevan Howard, Fortress Investment Group, and Marshall Wace, pushing Ripple’s valuation to $40 billion.
While the event drew widespread attention across the crypto industry, Ripple said scammers attempted to exploit the moment. According to the company, numerous fake livestreams appeared online, falsely presenting company announcements or pretending to host special promotions.
These livestreams commonly use “doubling” schemes that promise investors twice the amount of XRP if they send their tokens to a specified wallet. Ripple stressed that it has never conducted any XRP giveaways and will never request users to send funds for promotions or events.
The company posted a reminder on its official X account, saying: “Ripple will NEVER ask you to send us XRP. Stay vigilant.” Similar alerts have been issued repeatedly throughout the year as scammers continue targeting the XRP community during major announcements or legal milestones.
RippleX, the firm’s development arm, also warned earlier this month about deepfake videos impersonating Ripple leaders. The company urged users to treat any livestream requesting XRP as an immediate red flag.
Ripple continues to advise investors to verify all official announcements and avoid interacting with any content that promotes giveaways or requests for cryptocurrency transfers.
