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▲ Brad Garlinghouse, Instagram/AI generated image
Fraudulent accounts impersonating Brad Garlinghouse, CEO of Ripple, have appeared on Instagram. Sophisticated schemes targeting investor assets are spreading, and immediate caution is needed.
According to a report by cryptocurrency media outlet U.Today on April 12 (local time), Garlinghouse issued an official warning about the proliferation of impersonating accounts on Instagram. CEO Garlinghouse urged prevention of damage, stating that fake accounts using his name and photos without authorization are luring investors.
The fraudsters gained trust by posting Garlinghouse's official photos, then advertised a false airdrop claiming to distribute XRP for free. They use a typical scam method of promising to return double the funds sent to a specific address. U.Today diagnosed that these fake accounts are designed to resemble official channels, posing a high risk for investors to be deceived.
Garlinghouse clarified through his social media channels that he does not use Instagram. Garlinghouse emphasized, "Neither I nor Ripple will ever personally contact investors asking for money or cryptocurrency." Garlinghouse also expressed strong dissatisfaction with Meta's lukewarm response to reports of fraudulent accounts.
Recently, as Ripple's legal status has strengthened and market interest in XRP price increases, celebrity impersonation crimes are rampant again. Criminals are exploiting popular social media services as a means of crime, targeting the assets of an unspecified number of investors. Security experts warned that clicking links sent by strangers or transferring virtual assets could lead to asset theft.
Ripple recommends that all official information should only be verified through authenticated channels. It is important to remember that any act of asking for funds first while promising free profits is, without exception, a scam. Investors should strengthen security settings and immediately report suspicious messages to prevent further damage.
*Disclaimer: This article is for investment reference only and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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