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Ripple Scam Promoted by Hacked Account of French Municipal Councillor

Wed, 02/08/2023 - 15:46
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Alex Dovbnya
Twitter account of French political activist has been hacked in order to promote XRP scam
Ripple Scam Promoted by Hacked Account of French Municipal Councillor
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French Municipal Councillor Quentin Feres' Twitter account was hacked on Feb. 7, 2023, to promote a Ripple (XRP) scam.

The tweet from the hacked account read, "XRP is ready to huge PUMP. To support our community, Brad Garlinghouse Ripple XRP CEO initiated XRP GIVE­AWAY...Note: you can take a gift only once. Please hurry up!"

The tweet mimics the tactics of previous XRP scams that have impersonated Ripple CEO Brad Garlinghouse and offered victims false investment opportunities.

The rise of XRP scams has become a widespread issue on social media, with malicious actors using fake accounts, manipulating public sentiment, misrepresenting credentials and employing sophisticated phishing networks to perpetrate fraudulent activities targeting XRP holders.

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This highlights the importance of verifying trusted sources before investing any money and not sending funds to unverifiable accounts.

This latest incident of a hacked Twitter account promoting an XRP scam is not an isolated one.

Previous instances include the official Twitter account of GOL TV, the Indian embassy of Oman, famous Spanish vocalist Bertín Osborne and even verified accounts of cryptocurrency businesses.

Despite social media giant Twitter's efforts to crack down on fake accounts, XRP scams continue to spread like wildfire, highlighting the need for increased vigilance among cryptocurrency users.

The hacking of Feres' Twitter account to promote an XRP scam serves as a reminder of the ongoing threat of XRP scams on social media and the need for caution when investing in digital assets.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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