Story Highlights:
A Fake Ripple YouTube Channel Perpetrates Scam.
It is a shocking turn of events that a fake Ripple YouTube channel has become a key player in spreading fraudulent activities. The fake Ripple YouTube account boasts 768,000 followers, which is more than the official Ripple Channel’s 54,700. It has been linked to a scam that targets unsuspecting audiences.
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This scam involves livestreaming fake events in the name of Ripple. One such event lasted over 12 hours, and attracted over 27,000 viewers. This scam is particularly vicious because it uses advanced AI to produce a video and audio loop, giving the impression of an actual event. The deceptive tactics used by the scammers have led to many cryptocurrency users falling for the trick. This highlights the importance of increased awareness within the community.
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XRP Update amid Scam Concerns.
Despite troubling developments around the Ripple YouTube scam, the XRP markets continue to fluctuate. According to the most recent data XRP’s open interest has decreased by 3.37%. This results in a valuation of $375.6 millions.
XRP’s live price is $0.5137. The 24-hour volume of trading reaches $943,142.592. Despite a drop of 1.42% over the last 24 hours, XRP has maintained a fairly stable range between $0.5267 to $0.5116. Investor sentiment has undoubtedly been affected by the concerns surrounding the scam, despite these fluctuations in the market. This highlights the importance of heightened caution and scrutiny when navigating the crypto landscape.
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CoinGape is a team of experienced native content writers, editors and reporters who work around-the-clock to provide news coverage globally. This article was written by CoinGape reporters and writers. This content is personal to the author, and subject to the market conditions. Before investing in cryptocurrency, do your research. You are not responsible for any financial losses you may suffer.