A cunning new cryptocurrency scam has emerged, sending shockwaves through the crypto community. This time, the scammers are utilizing artificial intelligence to impersonate Brad Garlinghouse, CEO of Ripple Labs, creators of the popular XRP cryptocurrency.

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This brazen scam features an AI-generated video that mimics Garlinghouse’s voice and appearance with frightening accuracy. In the video, the fake Garlinghouse promotes a fake Ripple-affiliated XRP giveaway, asking users to send a minimum of 1,000 XRP to receive double that amount in return.

The cutting-edge voice cloning technology makes the sham video incredibly convincing to unsuspecting viewers. Slight imperfections are noticeable only on close inspection, such as small mouth movement discrepancies when the fake Garlinghouse speaks.

This novel scam represents a growing trend of using AI to steal identities and spoof voices of celebrities and public figures. Earlier this year, bitcoin advocate Tim Draper revealed he too had been imperiled by AI voice cloning scams asking for bitcoin donations.

As AI continues advancing, identity theft through audio and video manipulation will become increasingly commonplace. Lawmakers and technologists are scrambling to devise solutions to combat this emerging threat.

Ripple Battles Escalating XRP Scam

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