Fraudsters and scammers are taking advantage of the recent crypto tailwind to up their attacks on the crypto community, warns Ripple CEO Brad Garlinghouse.
Garlinghouse data-ct-non-breakable=”null” href=”https://x.com/bgarlinghouse/status/1948079797000978499″ rel=”noopener nofollow” target=”_blank” title=”null”>said in a statement posted to X on Wednesday that the broader market rally has spurred scammers to impersonate the official Ripple YouTube account and potentially con users.
Losses to crypto scams hit a new record of $2.1 billion in the first half of 2025, data-ct-non-breakable=”null” href=”https://www.trmlabs.com/resources/blog/h1-2025-crypto-hacks-and-exploits-a-new-record-amid-evolving-threats” rel=”noopener nofollow” target=”_blank” title=”null”>beating the previous record set in 2022 of $2 billion and nearly data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/seed-phrase-front-end-hacks-drive-2025-record-crypto-loss” title=”null”>equal to the total losses from all of 2024.
XRP (XRP) data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/how-high-can-xrp-price-go-from-3-66-multimonth-high” title=”null”>surged to…
