Scammers Exploit Live Streams to Target XRP Holders
Ripple has issued a stern warning after a wave of fake “Live” YouTube videos targeted XRP users during its highly anticipated Swell event. The event, held on November 4-5 in New York City, brought together leaders from the worlds of cryptocurrency, banking, and policy to discuss how blockchain and crypto are reshaping financial industries. During the event, Ripple broadcasted the live stream, which unfortunately became a prime target for scammers.
According to Ripple, scammers leveraged deepfake technology, manipulating legitimate videos from the event—such as media interviews and public speeches—and overlaying them with misleading content. These fraudulent streams linked to websites promoting fake crypto wallet addresses, tricking viewers into sending their XRP to fraudulent accounts. The scam sites often included a chat feature to push users into making quick, unverified transactions.
Ripple made it clear that neither the company nor its employees would ever ask anyone to send XRP or other cryptocurrencies. This surge in scam activity highlights the increasing danger of digital manipulation and phishing attempts in the crypto space, particularly during high-profile events like Swell.
Ripple Intensifies Efforts to Combat Crypto Fraud
Ripple’s battle against crypto-related scams isn’t just about warnings. In August 2025, the company joined forces with TRM Labs’ Beacon Network, a real-time intelligence-sharing initiative designed to help crypto exchanges, financial institutions, and law enforcement combat crypto crimes. By participating in this network, Ripple enhances its ability to identify and respond to emerging threats quickly.
In addition to this, Ripple’s involvement in the DeRec Alliance, launched in May 2024, aims to make securing and recovering digital assets simpler and more user-friendly. This initiative, alongside Ripple’s public advisory efforts, underscores the company’s ongoing commitment to safeguarding users from the growing wave of crypto fraud.
With deepfakes and scams becoming more sophisticated, Ripple’s warning serves as a reminder to the crypto community to remain cautious and vigilant when engaging with online content.