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XRP Scam Alert: India's Major News Channel Hacked to Promote Fake Airdrop Featuring Ripple CEO

Mon, 03/20/2023 - 09:57
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Gamza Khanzadaev
XRP scam featuring Ripple's Brad Garlinghouse promoted by Twitter and involving India's major news channel News24
XRP Scam Alert: India's Major News Channel Hacked to Promote Fake Airdrop Featuring Ripple CEO
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India's News24 Twitter account has become yet another victim of crypto hackers, who managed to gain access to it and began posting phishing links on its behalf mentioning the fake XRP airdrop. As is standard, these posts pretend to be an official Ripple event and even feature the crypto company's CEO, Brad Garlinghouse, in their previews.

Ripple CTO Claims XRP Buyback Program Is a Scam

It is important to remember that neither Ripple nor anyone else arranges any XRP airdrops, and all such offers to switch to dubious sites are highly likely to be fraudulent.

Scale of scam victims is growing

With the hacking of the News24 account, XRP scammers could be said to have reached a new high, given that more than 1.4 million people are subscribed to it. Previously, similar attacks targeted relatively smaller Twitter accounts, but nonetheless belonging to those in power.

As reported by U.Today, scammers have managed to take over the accounts of the governor of the Indian state of Madhya Pradesh, a councilor of a French municipality, as well as the Indian embassy in Oman. It is likely that hackers specifically targeted such accounts, counting on their weak security and high degree of trust in their followers.

XRP Scam Alert: India's State Governor Hacked to Promote Fake Ripple XRP Airdrop

Interestingly, News24 does not seem to have noticed the hack at the moment, and their Twitter feed continues to publish standard content interspersed with Ripple scam ads.

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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.