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Pro-XRP Lawyer Exposes Alarming Ripple Scam Threat on X

Tue, 08/08/2023 - 14:17
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Gamza Khanzadaev
XRP holders' representative John Deaton alerts community about Ripple imposters on X
Pro-XRP Lawyer Exposes Alarming Ripple Scam Threat on X
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Renowned digital asset enthusiast and legal representative for XRP holders John Deaton has raised a red flag concerning a potential scam involving Ripple on the social media platform X (formerly known as Twitter). In a recent announcement, Deaton cautioned the XRP community against falling victim to misleading tweets promising token giveaways in exchange for wallet connections on the advertised platform.

Ripple Case: Deaton Willing to Bet Big on SEC Appeal Failure

Deaton emphasized the gravity of the situation, asserting that these fraudulent airdrop schemes should never be trusted. "Never link a wallet. Never believe you can get free crypto if you have to do anything, always assume it's a scam," he sternly warned. Deaton's message to the XRP and crypto community serves as a reminder to remain vigilant against the pervasive threat of online scams.

War on bots

This incident is not the first time Deaton has addressed crypto-related issues within the community. Notably, he directly called upon X's owner, Elon Musk, to take action against the prevalence of scam bots.

The surge in fraudulent activities coincided with a significant milestone for XRP in mid-July, as it was officially deemed a nonsecurity. This development catalyzed an influx of scam attempts, which propagated alongside the growing media coverage of the crypto sector, particularly within the X platform and related to XRP.

Ripple and XRP Scam Bots Flood Twitter: Elon Musk Called to Intervene

However, as of today, X's management is losing the war with bots. If Musk is serious about turning the former Twitter into something more than a social network with microblogs, he will have to fulfill his promises of last year and solve this issue decisively.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.