Ripple CEO Brad Garlinghouse has issued a critical warning about increasing crypto scams targeting XRP holders during the holiday season, urging vigilance across Ripple’s and his personal social media channels.
Garlinghouse’s warning highlights a cross-industry collaboration to mitigate scam risks for cryptocurrency holders, emphasizing reliance on verified channels amidst growing scam volumes in 2025.
Ripple's CEO Issues Holiday Scam Warning
Ripple CEO Brad Garlinghouse has issued a seasonal warning about rising crypto scams targeting XRP holders. He emphasizes increased vigilance during the holidays, advising users to scrutinize offers promising returns.
"Always be skeptical of offers that sound too good to be true; if it seems unrealistic, it probably is." - Brad Garlinghouse, CEO, Ripple
Garlinghouse leads an awareness campaign, leveraging social channels to advise on avoiding scams. The campaign stresses avoiding "too good to be true" offers and relying on verified Ripple sources.
Industry Initiatives to Combat Scams
The immediate effect aims at protecting crypto users from scams prevalent during the festive season. Industry collaboration seeks to reduce phishing and fraud, safeguarding users' assets.
Ripple's campaign, involving multiple fintech platforms, highlights both consumer protection and collaboration across industries. These efforts target reducing fraudulent schemes impacting financial stability.
Focus on Layer 1 Asset Security
Scams around Layer 1 assets have historically risen during bull phases. The focus is on preventing scams involving XRP, BTC, and ETH by targeting malicious social-engineering tactics.
Potential outcomes include enhanced security infrastructure and increased regulatory cooperation. Ripple’s ongoing efforts aim to mitigate risks and bolster consumer trust through proactive initiatives.