Saturday, December 3, 2022
HomeAltcoinsRipple CEO expresses displeasure over rising crypto scam bots on social media

Ripple CEO expresses displeasure over rising crypto scam bots on social media

On October 3, Brad Garlinghouse, the CEO of blockchain company Ripple Labs, via tweet complained about the rise of cryptocurrency scam bots.

Garlinghouse expresses his displeasure over the need to report his impersonators. The head of Ripple has noticed that numerous Twitter users are replying to tweets using his image.

scam bots

Recent instances of verified Twitter accounts being stolen to advertise false XRP giveaways designed to defraud token owners of their money.

On October 2, to impersonate Garlinghouse, someone took control of the popular Spanish vocalist Bertn Osborne’s official Twitter account.

After spending an hour, the social media platform restored Osbrone’s account over the scammer act of spamming comments about the giveaway in the replies of numerous well-known cryptocurrency personalities.

Official government accounts are also vulnerable to scammers. An XRP fraud was promoted on the Indian embassy’s Twitter account in Oman at the beginning of September.

The CoinDCX  official Twitter account was similarly hijacked within the same month.

Garlinghouse highlighted in a tweet that other well-known cryptocurrency personalities have also been targeted by bots, with Vitalik Buterin, the co-founder of Ethereum, and Changpeng Zhao, the CEO of Binance, being two of the main targets of impersonators.

According to Garlinghouse, social media scammers are taking advantage of “thousands” of people. YouTube was sued by Ripple for its inability to remove fake videos with Garlinghouse, but the case was ultimately settled.

Read more:

Ark Invest joins hand with Eaglebrook to offer crypto investment strategies

To get daily updates & trending news on crypto follow us on:







Please enter your comment!
Please enter your name here

20 + 15 =

- Advertisment -

Most Popular