In another example of the growing trend of crypto-currency scams on social media, a recent Twitter hack saw the Red Cross account promote a fake XRP donation.
The tweet, posted on February 19, announced that Ripple CEO Brad Garlinghouse had launched an XRP airdrop and urged users to act quickly and claim their “gift” on a specific link.
The scam has been confirmed by the Red Cross as a hack, and it has issued a warning to its members to be wary of such fraudulent activities.
This is not the first time XRP scams have been promoted by hacked Twitter accounts. The account of French city councilman Quentin Feres was hacked earlier this month to promote a similar scam, as was the Twitter account of U.S. sports channel GOL TV last month. In September 2022, the official Twitter account of the Indian Embassy in Oman was also hacked to promote an XRP donation scam.
These scams often pose as Ripple-affiliated entities and offer victims lucrative investment opportunities that are not backed by legitimate contracts or regulatory oversight.
Many pose as Brad Garlinghouse, promising seemingly generous investment opportunities that turn out to be too good to be true.
Despite social media giant Twitter’s efforts to combat fake accounts, XRP scams continue to flourish. So users need to be increasingly vigilant.