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XRP Scammers Targeted US Sports Channel To Promote Fake Giveaways

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  • Scammers hacked the official Twitter account of GOL TV.
  • Ripple CTO had alerted users about fake XRP staking.
  • Ripple CEO’s identity has been used to promote fake giveaways.

XRP scams have become a nuisance on social media platforms. The scammers continuously target XRP users by posting fake giveaways from the past month. They are using popular personalities’ Twitter accounts to manipulate the targeted users.

Recently the cyber attackers hacked the official Twitter account of GOL TV, a US-based TV sports channel, to promote an XRP scam. They acted as Ripple-affiliated firms and offered the users investment opportunities not backed by regulatory oversight.

Earlier, XRP Ledger developer Wietse Wind alerted platform users by tweeting that there are no giveaways or airdrops by Ripple. He tweeted on December 29 that scammers were targeting potential investors to steal their funds by sending phishing website links to steal personal data.

According to the Federal Trade Commission (FTC) report, more than 46,000 crypto users have lost nearly $1 billion (USD) in cryptocurrency scams.

Users need to be more cautious on social media. It is necessary to verify trusted sources before investing and one must never transfer money.

According to CoinMarketCap, XRP price went up by 0.88% in the past 24 hours from $0.42.

Recent cyber attacks that targeted XRP users

Earlier, hackers hacked the official Twitter account of Brazilian professional mixed martial artist Michel Pereira and impersonated Ripple CEO, Brad Garlinghouse. They used the Ripple CEO’s identity to promote fake giveaways.

The hacker replaced Michel Pereira’s image with Garlinghouse’s profile picture with the caption, “XRP is the future! Definitely!”. Some users identified the scam within a few hours and reported it to the website.

Earlier, Ripple CEO alerted users about cyber attackers targeting popular crypto personalities on social media to promote fake giveaways.

David Schwartz, Ripple CTO, had cautioned XRP holders about the recent phishing scam that attacked users using a fake Ripple website. Apparently, the attackers promised users XRP staking with high returns via emails. A cloned Binance website was used to send the spam emails.

On December 10, 2022, Schwartz warned about the fake Ripple website on Twitter. As per the tweet, the scammers sent a mail stating that “Ripple Labs Co., announced a new premium feature that offers incentive premium and high ROI, from 16% to 31%, with a secured fund of over five billion XRP.”

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