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CryptoXTimes > Article > News > XRP Scam Hits Filipino Musicians YouTube Channels
NewsCrypto

XRP Scam Hits Filipino Musicians YouTube Channels

XRP scam targets Filipino musicians' YouTube channels with deepfake of Ripple CEO.

Aima Raza
Last updated: July 15, 2024 6:26 pm
Aima Raza 11 months ago
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XRP Scam Hits Filipino Musicians YouTube Channels

Hackers have taken over the YouTube channels of a number of prominent Filipino artists and used them to spread an XRP scam.

On July 15, channels owned by famous Filipino singers were seen sharing a deepfake video of Ripple CEO Brad Garlinghouse saying that XRP could go up to $4. People who fall for these kinds of scams are usually taken to fake sites where their funds is stolen.

Bitpinas, a local news source, said that the YouTube pages of musicians Rico Blanco, the boy band SB19, and the band Ben&Ben were hacked.

Filipino Artists Targeted By XRP Scam

Ben&Ben, an established nine-piece band with more than 3 million YouTube fans, revealed the hacking on July 15 on their official Facebook page. They said they were working to get back into their account, which had been used to video an XRP scam.

Later, Ben&Ben said that some of the accounts had been recovered, but attackers’ material could still be seen. At the moment, the fake XRP broadcast has stopped.

At the same time, boy band SB19, who have 3.6 million YouTube subscribers, said their channel had been hacked but quickly recovered it with management’s help and told the police.

Rico Blanco’s account, which has over 700,000 followers, was also hacked, but Blanco has not disclosed anything public about it yet.YouTube has punished the users that were hacked, saying that they broke the site’s rules.

This event shows that scammers are still using deepfake technology to use YouTube for illegal activities. It reminds me of similar cases involving Ripple’s Garlinghouse that were reported on Reddit as early as December 2023.

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TAGGED: scam, XRP, Youtube
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
Previous Article With the help of a new strategic hire, Tether will be more open about how its stablecoin is used. Philip Gradwell, who used to be the top economist at Chainalysis, was named the new head of economics at Tether on July 15. Gradwell is in charge of figuring out how much USDT Tether is using and telling lawmakers and other important people about it. https://x.com/paoloardoino/status/1812846812429983880 Gradwell worked for six years at Chainalysis, a company that does blockchain analytics. He will now look at USDT statistics on a global level. Since 2017, the daily trade volume for USDT has been in the billions of dollars. Messari statistics shows that $32.23 billion worth of stablecoin has been traded in the last 24 hours. Enhancing Tether's Regulatory Communication Gradwell said, "Many people still think of digital assets as a mystery. This is partly because the industry focuses on technology rather than real-world applications." "We need to change the subject to how digital assets are used in the real economy and how USDT supports dollar hegemony," he says. Gradwell will have to work with officials, especially in the US, as a significant component of his job. Tether's interactions with government agencies have been a mix of working together and being closely watched. The New York Attorney General said that Tether lied about how much cash collateral was behind its tokens. In February 2021, Tether and its partner Bitfinex paid $18.5 million to settle the case. As part of the settlement, Tether agreed to report on its assets every three months for two years and was not allowed to do business in New York. Recently, Tether took steps to improve its relationship with the government. For example, it added the US Federal Bureau of Investigation to its platform. Tether helped the US Department of Justice get back about $1.4 million in stolen USDT from a digital wallet that wasn't stored. Tether says that Gradwell will be very important in "improving communication with regulatory bodies and stakeholders." Tether Appoints Former Chainalysis Economist To Key Role Tether Appoints Former Chainalysis Economist To Key Role
Next Article Bitcoin Tops $45M In Liquidations Amid Crypto Market Volatility Bitcoin Tops $45M In Liquidations Amid Crypto Market Volatility
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