Reddit users have uncovered a deepfake video featuring Ripple CEO Brad Garlinghouse, in which he urges XRP holders to transfer coins to a specified address, promising to double their investment. Despite being unlisted and unsearchable on YouTube, the video has garnered over 20,000 views.
Redditors reported encountering similar deepfake ads on the platform, but Google, which owns YouTube, has allegedly refused to remove the video, citing policy compliance. The community speculates that automated systems may be responsible for content moderation, making it easy for deepfakes to evade detection.
This incident follows a previous deepfake video scam involving Garlinghouse, prompting a warning to XRP holders. In 2020, both Garlinghouse and Ripple took legal action against YouTube, resulting in a 2021 resolution to collaborate in preventing, detecting, and removing such scams from the platform.
The Scam:
A deepfake video of Ripple CEO Brad Garlinghouse surfaced on YouTube, urging XRP holders to send their tokens to a certain address for a promised doubling.
This is a classic scam tactic used to trick investors into parting with their cryptocurrency.
Discovery and Response:
Redditors on the r/Cryptocurrency subreddit discovered the video in November and reported it to YouTube.
Despite multiple reports, YouTube refused to remove the video, citing that it doesn't violate their policies.
This decision sparked outrage within the XRP community and raised concerns about the effectiveness of content moderation policies on major platforms.
The Implications:
The incident highlights the growing threat of deepfakes and their potential to be used for scams and misinformation.
It also raises questions about the responsibility of platforms like YouTube in identifying and removing harmful content.
The XRP community remains on alert for similar scams and urges users to be cautious about any unsolicited investment advice.
Additional Information:
The article on CoinMarketCap provides a more detailed account of the incident, including links to the Reddit thread and the deepfake video itself (although the video is unlisted and unsearchable).
The article also discusses the ongoing debate about content moderation on YouTube and other platforms.
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