search
Homeweb3.0AI-Generated Fake Video Promises to Reward XRP Coin Holders, But It's a Scam

An AI-generated fake video is circulating among crypto traders, in which Ripple's co-founder is falsely promising to reward up to 150 million XRP cryptocurrency to existing XRP coin holders.

AI-Generated Fake Video Promises to Reward XRP Coin Holders, But It's a Scam

A deepfake video has emerged among crypto traders, showing Ripple co-founder Chris Larsen falsely promising to reward up to 150 million XRP cryptocurrency to existing XRP coin holders.

The video, which appeared on 21 Oct 2024, shows Larsen announcing that Ripple will not burn 150 million XRP coins but will instead distribute the tokens to XRP holders.

In the video, the fake Larsen asks XRP holders to visit a website and claim an equal amount of XRP coins as they currently hold.

However, Cointelegraph can confirm that the circulating video is AI-generated and entirely fake.

The video was published on an unlisted page, preventing it from showing up in searches. The website suggested by the fake Larsen was also suspicious. This indicates that the channel might be distributing links via email or other private means to avoid detection by YouTube, preventing the video from being removed.

These findings are clear proof that the video was 100% deepfake and forged. No legitimate information about an XRP coin giveaway has been issued by Ripple or XRP Ledger developers.

Meanwhile, XRP coin’s legal hurdles continue as the United States Securities and Exchange Commission (SEC) filed an appeal on 19 Oct 2024, to challenge the court ruling in which Ripple secured a win against the SEC’s claim over the legal nature of the XRP coin.

The SEC filed the appeal just a few weeks after a federal judge partially granted summary judgment to Ripple in the XRP lawsuit, a move that favored the blockchain firm.

The SEC had filed a lawsuit against Ripple in December 2020, alleging that the firm had raised over $1.3 billion through an unregistered digital asset securities offering.

The regulator accused Ripple of failing to register the XRP coin offering with the SEC and making false and misleading statements about the cryptocurrency.

In March 2023, a federal judge ruled that XRP coins are not securities under the jurisdiction of the SEC, dealing a blow to the regulator's case.

However, the court also ruled that the SEC could continue to pursue its case against Ripple for allegedly failing to register the XRP coin offering with the SEC.

The SEC has maintained that XRP coins are securities and that the regulator has the authority to pursue its case against Ripple.

In the latest development, the SEC filed an appeal on 19 Oct 2024, to challenge the court ruling that partially favored Ripple in the XRP lawsuit.

The SEC’s appeal comes as the legal battle over the XRP coin continues, with both parties awaiting a final verdict on the legal nature of the cryptocurrency.

The above is the detailed content of AI-Generated Fake Video Promises to Reward XRP Coin Holders, But It's a Scam. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Ripple CEO Brad Garlinghouse Highlights Need for Clear Crypto Policies, Citing Mismatch Between SEC Chair Gary Gensler's Remarks and Agency's ActionsRipple CEO Brad Garlinghouse Highlights Need for Clear Crypto Policies, Citing Mismatch Between SEC Chair Gary Gensler's Remarks and Agency's ActionsAug 01, 2024 am 12:01 AM

Ripple has been in and out of the doghouse multiple times due to the SEC's breakdown on crypto, but it has always come back stronger.

How Much Will 10,000 Ripple's XRP Tokens Be Worth in 2025: Is Early Retirement Possible?How Much Will 10,000 Ripple's XRP Tokens Be Worth in 2025: Is Early Retirement Possible?Jul 31, 2024 am 09:23 AM

A video posted by Money Maker – Avi Lev, a YouTube channel with more than 120,000 followers explains how much XRP price could be worth in 2025.

Holding Just 1,000 ($600) Ripple's XRP Tokens Could 'Be Life-Changing': Here's WhyHolding Just 1,000 ($600) Ripple's XRP Tokens Could 'Be Life-Changing': Here's WhyJul 28, 2024 am 09:19 AM

YouTube channel, EDO FARINA XRP (Alpha Lions Academy), with more than 12,000 subscribers released a video to discuss how holding just 100 XRP tokens could be life-changing.

Ripple将推出美元稳定币!喊战USDT和USDC XRP应声跳涨7%Ripple将推出美元稳定币!喊战USDT和USDC XRP应声跳涨7%Apr 06, 2024 am 08:04 AM

本站(120BtC.coM):随着确定币的总市值自年初的1,303亿美元增加至现在的1,530亿美元,大幅增长227亿美元,增长17.42%,企业支付和交易网络的行业巨头Ripple宣布将进入这一繁荣领域。Ripple计划在今年稍后推出一款1:1与美元挂钩的稳定币,这款新稳定币将在以太坊以及Ripple自家开发的去中心化公链XRPLedger(XRPL)上运营,未来还将扩展至更多区块链以及去中心化金融(DeFi)协议和应用。Ripple(瑞波币)在X上展望未来确定币的需求。目前确定币市场规模超过

Ripple Vs SEC: Judge Torres deliberates on a final ruling over penalties and injunction in the remedies phase, with reviews of potential appeals by the parties. XRP army and lawyers anticipate a decisRipple Vs SEC: Judge Torres deliberates on a final ruling over penalties and injunction in the remedies phase, with reviews of potential appeals by the parties. XRP army and lawyers anticipate a decisJul 28, 2024 am 03:14 AM

Ripple’s multiple wins have made the lawsuit probably the weakest case for the U.S. SEC, as considered by many including wealth advisor Mickle. However, as lawyers indicated, both parties could still file appeals against previous decisions.

SEC要求瑞波交出关键文件,4月23日将举行瑞波诉讼庭审SEC要求瑞波交出关键文件,4月23日将举行瑞波诉讼庭审Jan 25, 2024 pm 09:18 PM

美国证券交易委员会(SEC)在2020年12月起诉瑞波(Ripple),称瑞波自2013年以来通过未注册的“证券”(瑞波币)进行了高达13亿美元的募资。然而,瑞波在去年7月初步获得了胜利。最终审判进度目前预计将在今年4月23日展开庭审,结果可能会对加密货币产业产生重大影响。SEC要求瑞波交出重要文件在庭审前,SEC要求瑞波交出重要文件,包括两年经审计的财报和瑞波与非员工对手方的合约。此外,SEC还要求瑞波提供起诉后收到的XRP机构销售收益的详细信息。SEC认为这些记录将提供重要信息,以证明瑞波是

Ripple SEC Settlement To Impact Crypto Firm’s Future OperationsRipple SEC Settlement To Impact Crypto Firm’s Future OperationsJul 26, 2024 pm 09:42 PM

XRP enthusiasts have branded the potential settlement as a “showdown.” This label has sparked a heated response from pro-XRP lawyer Bill Morgan

Ripple-SEC Ruling Today? Fred Rispoli Reinforces His Prediction That July 31, 2024 Would Mark a Significant Turning Point in the Ongoing Legal BattleRipple-SEC Ruling Today? Fred Rispoli Reinforces His Prediction That July 31, 2024 Would Mark a Significant Turning Point in the Ongoing Legal BattleAug 01, 2024 am 06:17 AM

Fred Rispoli, a prominent pro-XRP lawyer, has once again taken to Twitter to reinforce his earlier prediction that today—July 31, 2024—would mark a

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
1 months agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),