Garlinghouse Alerts to Holiday Season Deepfake Scams and Fake Giveaways Targeting XRP Users

Holiday Scam Alert: Ripple CEO Brad Garlinghouse warned cryptocurrency holders to be cautious during the holiday season due to an increase in scams targeting digital asset users, particularly involving Ripple's XRP token.

Collaborative Effort: The warning was shared via social media and is part of a campaign involving Ripple, Match Group, Cash App, the National Cryptocurrency Association, and Coinbase, aimed at educating users about online fraud and protective measures.

Scam Statistics: Data from the campaign indicates that 57% of adults encountered scams in 2025, with 23% of victims losing money and total losses nearing $450 billion, highlighting the severity of the issue.

Warning Signs and Advice: Garlinghouse outlined common scam tactics, such as fake investment promises and demands for irreversible payments, urging users to verify sources and remain vigilant, especially during the holiday season when distractions may increase susceptibility to fraud.