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- XRP Price at the time of writing – $0.4462
- Scammers continue to hack popular Twitter accounts
- The scammers aim to impersonate Ripple CEO Brad Garlinghouse
The famous Spanish vocalist Bertn Osborne’s official Twitter account has been taken over to promote an XRP scam with Ripple CEO Brad Garlinghouse.
In an effort to deceive social media users, the account, which has more than 162,000 followers, began retweeting a number of Ripple-related tweets.
Spamming replies with links to a fictitious XRP giveaway scam that has been going around Twitter for some time, fraudsters began.
CoinDCX also hacked in order to promote XRP
One of the most well-known verified Twitter accounts that XRP con artists have yet to hack is this one. The Indian embassy in Oman’s official account was hacked last month in order to spread a similar giveaway scam.
The social media platform had to spend several hours fixing the issue.Prior to that, the situation also existed on the Twitter account of the Venezuelan subsidiary of the enormous accounting firm PricewaterhouseCoopers (PwC).
Scammers can target cryptocurrency businesses’ official accounts as well.One of the most well-known Indian cryptocurrency exchanges, CoinDCX, was hacked last month to promote a sham XRP.
Swindlers have also taken control of a number of verified Twitter accounts in recent weeks to pose as Input Output CEO Charles Hoskinson and Ethereum co-founder Vitalik Buterin.
ALSO READ: SEC Must Turn Over Emails About Ethereum
What is special about XRP?
The XRP Ledger offers a wide range of payment-related applications and use cases, including NFTs, DeFi, and micropayments.
The XRPL, which was launched in 2012, offers powerful utility and adaptability to developers of Python, Java, and JavaScript.Developers can access a variety of tutorials on the XRP website to learn how to use various coding languages, create apps, manage accounts, and more.
The XRP Ledger is utilized by developers to develop solutions that address inefficiencies, such as asset tokenization and remittance, alongside its native coin, XRP.
Payments, tokenization, DeFi, CBDCs, and stablecoins are currently the five primary uses for the XRP Ledger. Ripple was given 80 billion XRP by the XRP Ledger developers so that the company could build use cases around the digital asset, such as its global payments network, RippleNet.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
