JAKARTA The rise of crypto scams on Twitter social media in the name of leading figures has made various circles hot, including Ripple CEO Brad Garlinghouse. The reason is, fraudsters often use blue tick accounts to launch their actions.
The fraudsters often imitate the accounts of famous figures such as Elon Musk, Changpeng Zhao, and Brad Garlinghouse. With the same name as the account name, profile photo, and blue tick, it makes it easy for ordinary users to get caught up in the scamming actions carried out by these fake accounts. In addition, scammers also often use bot accounts.
Brad Garlinghouse, chief executive at blockchain company Ripple, recently complained about the recent entry of a cryptocurrency scam bot in a Twitter thread. The cryptocurrency boss said he couldn't believe he still had to report his impersonator. Ripple boss has noted that his Twitter account replied a lot of tweets with the picture.
U.Today has conducted a recent investigation into a verified Twitter account to promote fake XRP gifts meant to separate token holders from their money. On Sunday, the famous Spanish vocalist Bertizin Osborne's official Twitter account was hijacked to imitate Garlinghouse.
It took hours for social media platforms to recover Osbrone accounts after being busy sending spam giveaway messages in response to popular cryptocurrency figures. The government's official accounts are also unsafe from fraudsters. In early September, the Indian embassy's Twitter account was also hacked to promote XRP fraud. That same month, CoinDCX's official Twitter account was compromised in the same way.
In its tweet, Garlinghouse has noted that other popular cryptocurrency figures have also been harmed by bots, with Ethereum co-founder Vitalik Buterin and Binance CEO Changpeng Zhao being one of the most important target imitators.
Garlinghouse claims that "thousands" are being used by scammers on social media. Previously, Ripple brought the hosting giant YouTube video to court for its inability to remove fraudulent videos on behalf of Garlinghouse, but then eventually settled the lawsuit, as reported by U.Today.
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