Ripple CEO Hit by Impersonation Scam on Instagram, Warning Issued - U.Today

XRP0,77%
ETH2,44%
NIGHT-0,16%

There has been an increase in impersonation accounts on social media, including accounts posing as Ripple officials, customer support and other representatives.

In particular, Ripple CEO Brad Garlinghouse is increasingly being used in deepfakes and other crypto scams promising free XRP giveaways, with a fake Instagram account flagged in this regard.

Ripple CTO Emeritus David Schwartz draws attention to this fact in a recent tweet. Warnings about scam threats do not get old, and Schwartz referred to a 2019 tweet by a crypto user who was sent a fake XRP giveaway.

HOT Stories

Ripple Vet Questions NYT Reporter’s Satoshi Hunt Proof

Midnight (NIGHT) Open Interest 100% Spike Could Be Followed, Ethereum’s (ETH) Only Possibility to Reach $3,000, XRP to Face Crucial Resistance Next Week: Crypto Market Review

According to the crypto user, an Instagram account that claimed to be Ripple CEO Brad Garlinghouse had sent him an XRP giveaway. Not only this, the account requested that he send some XRP and they would send more back.

Ripple CTO emeritus highlighted the said Instagram account that claimed to be the Ripple CEO as fake, saying it was definitely not his.

This was obviously a crypto giveaway scam, where scammers impersonate public figures promising free cryptocurrency via social media posts and messages. Victims are typically asked to send funds to receive additional funds in return.

Warnings issued

Ripple continues to take a proactive and aggressive stance against crypto scams, revealing a deep commitment against this menace.

In previous warnings to the crypto community, Ripple stated it will never ask to be sent XRP and they should beware of scams using fake Ripple or XRP livestreams, giveaways or deepfake videos.

Ripple also clarifies that it does not have an official Telegram channel. Any account claiming to be such might be fake. Also, Ripple made it clear that its officials will not contact you or provide support through unofficial channels, or ask for personal information, credentials or payments.

The XRP community should bear in mind that Ripple employees, including its CEO, will never ask them to send funds, share wallet info or join investment streams.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Scallop Protocol on Sui Hit by Flash Loan Attack, $142K Drained via Oracle Manipulation

Gate News message, April 26 — Scallop Protocol, a lending platform on the Sui blockchain, suffered a flash loan exploit targeting a deprecated side contract linked to its sSUI rewards pool, resulting in a loss of approximately $142,000 (150,000 SUI). The attack exploited oracle price feed

GateNews25m ago

22-Year-Old Sentenced to 70 Months for $263 Million Crypto Theft Money Laundering

California resident Evan Tangeman, 22, was sentenced on Friday to 70 months in federal prison for his role laundering proceeds from a multi-state cryptocurrency theft ring that stole approximately $263 million in digital assets from victims, according to the U.S. Department of Justice. U.S.

CryptoFrontier2h ago

Litecoin Suffers Deep Chain Reorganization After MWEB Privacy Layer Zero-Day Exploit

Gate News message, April 26 — Litecoin underwent a deep chain reorganization on Saturday afternoon after attackers exploited a zero-day vulnerability in its MimbleWimble Extension Block (MWEB) privacy layer, according

GateNews2h ago

Address Linked to Avi Eisenberg Shows New On-Chain Activity, Raising Security Concerns

Gate News message, April 26 — Blockchain analytics platform Arkham has identified renewed on-chain activity from an address believed to be connected to Avi Eisenberg, the attacker who profited approximately $110 million from the 2022 Mango Markets exploit. Eisenberg was previously sentenced to

GateNews4h ago

Sui DeFi lending protocol Scallop is hacked, with a vulnerability in the old contract leading to 150k SUI stolen

Scallop was attacked on the Sui chain, and the side contract involved led to the sSUI rewards pool being exploited. Approximately 150k SUI were stolen. The core contract is secure, and deposits and withdrawals have been restored. The official statement applies only to the deprecated rewards contract; users’ funds were not affected. Former NEAR developer Vadim said the vulnerability originated from an outdated V2 package from 17 months ago, where not initializing last_index caused rewards to accumulate starting in 2023. The fix requires adding a version field to the shared object and strengthening version checks to prevent risks caused by outdated packages.

ChainNewsAbmedia4h ago

Scallop Discovers sSUI Reward Pool Vulnerability, Suffers 150K SUI Loss but Pledges Full Reimbursement

Gate News message, April 26 — Scallop, a lending protocol in the Sui ecosystem, announced the discovery of a vulnerability in an auxiliary contract associated with its sSUI reward pool, resulting in a loss of approximately 150,000 SUI. The affected contract has been frozen, and Scallop confirmed

GateNews9h ago
Comment
0/400
No comments