AI scam wave targets XRP community again

The XRP community has been hit by a new wave of AI-driven scams targeting attendees at a Las Vegas conference, following earlier impersonation incidents involving Brad Garlinghouse.

Fraudsters created fake AI-generated profiles posing as women to contact attendees via social media, attempting to initiate romance scams aimed at stealing crypto funds.

The scheme follows a familiar pattern where scammers build trust before moving conversations to private apps and encouraging victims to transfer funds or invest in fake platforms.

Ripple has repeatedly warned users about rising AI-powered fraud, with David Schwartz previously flagging fake accounts and deepfake livestream scams targeting token holders.

The Las Vegas conference, held at the Paris Las Vegas casino, attracted high-value participants, making it a prime target for attackers seeking financially capable victims.

Globally, crypto scams are escalating, with Hong Kong authorities recently uncovering a $46 million AI-driven fraud ring, while the Federal Bureau of Investigation reported $11.4 billion in crypto fraud losses in 2024.

Romance scams alone accounted for over $900 million in losses, with older investors among the hardest hit as cybercrime continues to scale.

The incident highlights how scammers are increasingly combining AI tools with social engineering, raising concerns that crypto communities will remain vulnerable without stronger safeguards and regulation.

At the time of reporting, XRP price was $1.39.