Ripple Labs Inc., the company behind the crypto payment platform Ripple, has once again alerted its users to exercise caution. Specifically, they should be wary of suspicious email links and deepfaked content.
Basis for The Ripple Labs Warning
To provide some background, Ripple recently released a video on platform X, illustrating how fraudsters have deceitfully represented themselves as high-ranking personnel from the company, specifically Brad Garlinghouse, its CEO.
Based on the demo’s diagrams, malicious actors produce copied versions of an individual’s visual representation, speech, and body language to deceive unwitting victims.
After that, Ripple users are promised enticing offers such as a XRP handout or a XRP multiplication scheme by these bogus entities. These supposedly generous initiatives allegedly distribute XRP tokens worth between 500 and 1000 units, with each token priced at approximately $0.6114 according to current market values.
Important Update: @Ripple team members including Brad, David, Monica, and Stu will never request you to transfer XRP to them personally.
Learn how to protect yourself from scams:
— Ripple (@Ripple) April 11, 2024
Based on this understanding, Ripple Labs wants to make it clear to its community that the company will never ask users to make such a request. Additionally, Ripple clarified that neither Garlinghouse nor any other representatives of Ripple will ask users to transfer their XRP in order to receive a double amount.
Ripple and its leadership have made it clear that only authorized messages will be transmitted via authentic Ripple accounts.
XRP Scammers Leveraging AI Tools
Around the end of 2023, Garlinghouse warned his social media audience about a long-running scam involving deepfake videos deceitfully portraying him within the Ripple community.
In the YouTube video under discussion, the Ripple CEO attempted to persuade XRP owners to join a nonexistent giveaway. However, discerning spectators watching deepfakes may detect unusual lip synchronization.
Frequently, these videos are generated using predefined prompts given to advanced AI systems such as OpenAI’s Voice Engine or Sora, a groundbreaking technology capable of producing videos based on textual inputs.
As the AI sector continues to evolve with sophistication and intricacy, XRP owners need more than just figuring out unusual lip movements to identify a phishing scam or Deepfake media. The company’s warning could play a crucial role in raising awareness and potentially preventing harm in the future.
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2024-04-12 08:03