Sat, April 27, 2024 at 12:57

Joy
- Hey Annie, have you heard about the recent scams targeting XRP users?😱 It's been all over the news lately.
Annie
- Oh really?😮 I didn't know about that.
- What happened exactly?
Joy
- So, Ripple's CEO, Brad Garlinghouse, addressed this issue on Ripple's official YouTube channel.
- He warned about the rise of sophisticated scams that are tricking XRP users.
Annie
- That sounds scary!😰 How are they doing it?
ADward
- Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅
Joy
- Well, these scammers are impersonating key figures within Ripple, including Garlinghouse himself!
- They clone their appearance, voice, and gestures to gain the trust of unsuspecting victims.
- They promise XRP giveaways valued at significant amounts, exploiting the market price of the coin.
Annie
- Wow, that's terrifying!😨 And people are falling for this?
Joy
- Unfortunately, yes.😔 A fake Ripple YouTube account emerged as a central player in these scams.
- This account has an astonishing 768,000 subscribers and has been livestreaming fabricated events under the guise of Ripple.
Annie
- That's so deceitful!😡 How can they get away with this?
Joy
- The scammers use advanced AI technology to create a looped video and audio broadcast, creating the illusion of a legitimate event.
- This has led many viewers to fall victim to the scam.
Annie
- That's so wrong!😠 But what about the XRP market?
- Has this affected it?
Joy
- Despite these troubling developments, the XRP market continues to experience fluctuations.
- Its open interest has seen a notable decline of 3.37%, resulting in a current valuation of $375.6 million.
Annie
- So, would you say this news is bad for the market?
Joy
- Absolutely, Annie.
- These scams have undoubtedly impacted investor sentiment and underscored the need for heightened scrutiny and caution in navigating the cryptocurrency landscape.😞
- To sum up, this article is considered a 😱Bearish for investors!!