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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 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, beating the previous record set in 2022 of $2 billion and nearly equal to the total losses from all of 2024.
XRP (XRP) surged to…
