French Municipal Councillor Quentin Feres’ Twitter account was hacked on Feb. 7, 2023, to advertise a Ripple (XRP) rip-off.
The tweet from the hacked account learn, “XRP is able to large PUMP. To assist our neighborhood, Brad Garlinghouse Ripple XRP CEO initiated XRP GIVEAWAY…Notice: you’ll be able to take a present solely as soon as. Please hurry up!”
The tweet mimics the techniques of earlier XRP scams which have impersonated Ripple CEO Brad Garlinghouse and supplied victims false funding alternatives.
The rise of XRP scams has develop into a widespread situation on social media, with malicious actors utilizing faux accounts, manipulating public sentiment, misrepresenting credentials and using refined phishing networks to perpetrate fraudulent actions focusing on XRP holders.
This highlights the significance of verifying trusted sources earlier than investing any cash and never sending funds to unverifiable accounts.
This newest incident of a hacked Twitter account selling an XRP rip-off isn’t an remoted one.
Earlier cases embody the official Twitter account of GOL TV, the Indian embassy of Oman, well-known Spanish vocalist Bertín Osborne and even verified accounts of cryptocurrency companies.
Regardless of social media big Twitter’s efforts to crack down on faux accounts, XRP scams proceed to unfold like wildfire, highlighting the necessity for elevated vigilance amongst cryptocurrency customers.
The hacking of Feres’ Twitter account to advertise an XRP rip-off serves as a reminder of the continued menace of XRP scams on social media and the necessity for warning when investing in digital property.