In one more instance of the rising development of cryptocurrency scams on social media, a current Twitter hack noticed the Pink Cross account selling a faux XRP giveaway.

The tweet, which was posted on Feb. 19, introduced that Ripple CEO Brad Garlinghouse had initiated an XRP airdrop and urged customers to behave quick and declare their “present” at a selected hyperlink.

The rip-off has been confirmed by the Pink Cross as a hack, they usually have issued a warning to their followers to be cautious of such fraudulent actions.

This isn’t the primary time XRP scams have been promoted by way of hacked Twitter accounts. French Municipal Councillor Quentin Feres’ account was hacked earlier this month to advertise the same rip-off, as was the Twitter account of American TV sports activities channel GOL TV final month. In September of 2022, the official Twitter account of Oman’s Indian embassy was additionally hacked to advertise an XRP giveaway rip-off.

These scams typically pose as Ripple-affiliated entities and provide victims profitable funding alternatives that aren’t backed by authentic contracts or regulatory oversight.

A lot of them impersonate Garlinghouse, promising seemingly beneficiant funding alternatives that show to be too good to be true.

Regardless of social media big Twitter’s efforts to clamp down on bogus accounts, XRP scams proceed to thrive. Therefore, customers need to be more and more vigilant.