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Ripple Scam Promoted by Hacked Twitter Account of American TV Sports Channel

Mon, 01/23/2023 - 06:18
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Alex Dovbnya
The GOL TV Twitter account has been hacked to promote a Ripple scam
Ripple Scam Promoted by Hacked Twitter Account of American TV Sports Channel
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The official Twitter account of GOL TV, an American TV sports channel dedicated, has been hacked to promote an XRP scam. 

Image by @GOLTV

XRP scams have become increasingly commonplace on social media. They often pose as Ripple-affiliated entities and offer victims lucrative investment opportunities that are not backed by legitimate contracts or regulatory oversight.

One of the more frequent forms is the impersonation of Ripple CEO Brad Garlinghouse. Oftentimes, these scammers will pose as Garlinghouse and offer seemingly generous investment opportunities — such as doubling one's money — that prove to be too good to be true. Victims who take the bait find themselves with no recovered capital and no way to recoup their lost funds.

These scams can be found on various platforms globally and are becoming harder to detect due to their continuously evolving nature. Scammers adopt new tactics each day in order to stay ahead of detection efforts from leading digital asset exchanges, law enforcement, and other regulatory authorities. These malicious actors use fake accounts, public sentiment manipulation, misrepresentation of credentials, multi-level marketing schemes, intricate phishing networks, and more sophisticated methods in perpetrating fraudulent activities targeting XRP holders.

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Though these tactics may seem rudimentary, unsuspecting victims can still fall prey to them, not realizing the potential repercussions until it’s too late. To avoid becoming a victim of an XRP scam, it is important to verify trusted sources before investing any money and never send money to accounts that can’t be verified without extensive research.

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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