AI-Driven XRP Giveaway Scam Exploits Ripple Holders Amid Ongoing Legal Battle with SEC
A suspected scam targeting XRP holders has emerged, using an AI-generated video with a fake message from Ripple co-founder Chris Larsen. The video falsely claims Ripple will distribute 150 million XRP to existing holders and directs them to a fraudulent site to claim equivalent tokens. Investigations show the video is entirely fraudulent, with no official announcements from Ripple or XRP Ledger developers. This scam appears to be shared through private channels to avoid platform detection, like on YouTube. Previously, AI-generated scams featured figures like Elon Musk, causing financial losses to victims. Ripple is also involved in legal challenges with the US SEC, which recently appealed a court ruling favoring Ripple regarding XRP classification. XRP’s volatility persists, trading at $0.54—up 0.33% daily but down 19% year-to-date—reflecting legal uncertainties affecting the market.
Neutral
The emergence of an AI-driven scam exploiting XRP holders introduces new security concerns, particularly as Ripple continues its legal battles with the SEC. This news reflects ongoing market vulnerabilities but does not directly alter XRP’s current market position in a bullish or bearish direction. Legal challenges remain significant to its market impact. Despite short-term fluctuations, XRP’s price stability is primarily influenced by the legal situation’s resolution, maintaining a neutral market view.