The Capital
Published in

The Capital

Brad Garlinghouse Fraudulently Promotes Fake XRP on YouTube

Despite YouTube’s repeated aggressive actions against cryptocurrency-related content, the most popular video hosting service in the world seems to have problems detecting large fraudulent accounts.

On March 23, the crypto community discovered a fake account of Brad Garlinghouse, the CEO of Ripple, which promotes a fraudulent airdrop. On March 19, a video describing the fake airdrop of 50 million XRP tokens was uploaded to YouTube.

The fraudulent account has about 277,000 subscribers and contains only one video describing the airdrop. At the time of publication, the video had nearly 90,000 views.

The video itself is not fake — this is an interview that Garlinghouse gave in February 2020. But the description below the video contains information about the airdrop, which supposedly takes place from March 20 to 25. The fraudster asks users to send from their 2000 XRP to 500,000 XRP to their address in order to “take part” in the airdrop and receive from 20,000 to 5 million XRP.

The co-founder of the crypto podcast SPQR Media, who first reported this account on Twitter, noted that this fraudulent channel is still being promoted on YouTube.

Author: Marko Vidrih

Featured image credit: Pixabay

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store