A recent Twitter hack discovered the Purple Cross account selling a fake XRP giveaway, adding to the growing number of cryptocurrency scams on social media.
The tweet sent on February 19 announced that Ripple CEO Brad Garlinghouse had started an XRP airdrop and urged customers to act quickly and declare their “present” at a specific hyperlink.
The Purple Cross has confirmed the rip-off as a hack and warned their followers to be wary of such fraudulent actions.
This is not the first time XRP scams have been promoted through hacked Twitter accounts. The Twitter account of French Municipal Councillor Quentin Feres was hacked earlier this month to encourage a similar rip-off, as was the history of American TV sports channel GOL TV last month. In September 2022, the official Twitter account of Oman’s Indian embassy was also hacked and used to promote an XRP giveaway scam.
These scams typically masquerade as Ripple-affiliated entities and offer victims lucrative funding options that aren’t backed by respectable contracts or regulatory oversight.
Many of them impersonate Garlinghouse, promising seemingly generous funding options that are too good to be true.
Despite efforts by social media giant Twitter to crack down on bogus accounts, XRP scams continue to thrive. As a result, customers must become increasingly vigilant.
