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Ripple Scam Promoted By American TV Sports Channel’s Hacked Twitter Account

January 14, 2023 - Around 2 mins mins to read

Key Points:

  • XRP fraud has been promoted on the official Twitter account of GOL TV, an American sports broadcaster
  • These con artists frequently assume the persona of Garlinghouse and present ostensibly advantageous investment options, including double one’s money, that turn out to be unreal.
  • These nefarious parties engage in fraudulent activities aimed against XRP holders by using elaborate phishing networks, false accounts, public sentiment manipulation, credentials fraud, multi-level marketing scams, and other sophisticated techniques.
Ripple fraud has been promoted on the official Twitter account of GOL TV, an American sports broadcaster.
Ripple Scam Promoted By American TV Sports Channels Hacked Twitter Account
https://twitter.com/GOLTV/status/1617373257778315264

Scams involving XRP are more prevalent on social media. They frequently assume Ripple affiliations and provide victims with lucrative investment options that are not supported by legal agreements or governmental regulation. The impersonation of Brad Garlinghouse, CEO of Ripple, is one of the more popular variations.

These con artists frequently assume the persona of Garlinghouse and present ostensibly advantageous investment options, including double one’s money, that turn out to be unreal. Those who fall for the trap are left with no recovered capital and no way to get their money back.

These frauds may be found on many platforms around the world and are getting tougher to spot because they are always changing. In order to evade detection by top digital asset exchanges, law enforcement, and other regulatory bodies, scammers constantly develop new techniques. These nefarious parties engage in fraudulent activities aimed against XRP holders by using elaborate phishing networks, false accounts, public sentiment manipulation, credentials fraud, multi-level marketing scams, and other sophisticated techniques.

Even while these strategies may appear crude, unwary victims can still fall for them and suffer the consequences before it’s too late. Before making any investments or sending money to any accounts, it’s crucial to confirm the legitimacy of sources before doing so in order to prevent falling victim to an XRP scam.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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Annie

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.