Deepfake Scam Involving Ripple’s CEO Uncovered on Reddit

nexninja
4 Min Read

Redditor GabeSter shared the deepfake video in a Reddit thread posted on r/Cryptocurrency on Wednesday, asserting that Youtube has refused to remove the video for over a month.Redditor GabeSter shared the deepfake video in a Reddit thread posted on r/Cryptocurrency on Wednesday, asserting that Youtube has refused to remove the video for over a month.
Supply: Pixabay

Reddit customers have recognized a deepfake video of Ripple CEO Brad Garlinghouse asking XRP holders to switch cash to a sure deal with, with the promise of doubling their unique funding.

Redditor GabeSter shared the deepfake video in a Reddit thread posted on r/Cryptocurrency on Wednesday, asserting that Youtube has refused to take away the video for over a month.

Within the unlisted video titled “Calling All Ripple Holders Instantly,” a deepfaked model of Garlinghouse is seen inviting viewers to take part in an “XRP X2” occasion, saying that Ripple would “double the quantity” of XRP despatched to an deal with offered after scanning a bar code.

The video at present has over 20,000 views regardless of being unlisted and unsearchable on YouTube.

One other Redditor commented that that they had noticed the same YouTube advert on each November 25 and December 3. Different individuals within the dialogue additionally asserted encountering comparable deepfake advertisements on the platform.

Regardless of the clearly faux parts of the advert, GabeSter famous that Google has refused to take down the video, claiming that it doesn’t violate its insurance policies. Redditor Maxx3141 asserted that the rationale the video has not been taken down is as a result of it has not been checked by a human.

“My guess is they’re utilizing bots to do the work, and these bots are terribly straightforward to idiot,” mentioned Redditor Maxx3141. “However after virtually a month, this shit continues to be airing and I guess they received a whole bunch if not hundreds of stories, however nonetheless nobody checks it by hand.”

Customers on Reddit additionally posted a hyperlink to an unlisted video that includes the deepfake advert on YouTube. GabeSter cautioned others in opposition to partaking with the video’s QR code.

This isn’t the primary time Garlinghouse’s likeness has been utilized in a deepfake video rip-off. Final month, the Ripple CEO posted on X warning XRP holders to be careful for fraudulent schemes and giveaways, after the same video showcasing Garlinghouse endorsing a fictitious 100 million XRP giveaway and promising to double customers’ holdings was printed on YouTube. 

“There’s been an uptick in deepfake rip-off movies (ex beneath) overlaying new phrases with outdated video footage from Ripple’s occasions (@YouTube are you asleep on the wheel once more?!),” Garlinghouse wrote on X with a screenshot of the aforementioned video. “Reminder: don’t belief, confirm (all authorized messaging will solely come from official Ripple accounts).”

In 2020, each Brad Garlinghouse and Ripple initiated authorized proceedings in opposition to YouTube, asserting that the video-streaming platform enabled scammers to advertise misleading schemes that negatively impacted their model and fame.

The case reached a decision in 2021 when the concerned events agreed to collaborate with a purpose to stop, detect, and take away such scams from the platform.

 



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