Social media are struggling to deal with crypto giveaway scams
It is advertising “a big event” with Ripple CEO Brad Garlinghouse that is supposed to take place an hour from now. Its tweet encloses a link that is supposed to bait potential victims into sending their crypto.
Prior to that, other verified accounts with significant following were compromised in order to promote the same scam. XRP giveaway scams have been popping up on social media for years. In April 2020, Ripple went as far as filing a lawsuit against video hosting giant YouTube for failing to prevent and take down such scams. The company claimed that YouTube’s failure to crack down on fraudulent XRP videos damaged its reputation. with Ripple last September.
On Saturday, the official YouTube channel of the South Korean government was hacked and renamed to “SpaceX Invest.” It was promoting a cryptocurrency scam with a live broadcast featuring Tesla CEOIn March, a slew of verified Twitter accounts started promoting a fake Ape Coin airdrop, defrauding gullible users of more than $1 million.
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