• 19 June, 2024
News

Ripple CTO Warns of Phishing Scams on X Platform

Ripple’s Chief Technology Officer, David Schwartz, is once again at the forefront of cybersecurity in the crypto community, issuing a warning about a new phishing scam on X, the social media platform formerly known as Twitter. Schwartz highlighted the deceptive nature of a message that has been circulating among users of X.


Ripple’s CTO Raises Alarm Over New Phishing Tactics on X

The message, purportedly from the X Support Team, warns recipients that their accounts are under investigation for copyright violations. It urges them to provide feedback within 24 hours via a linked form, failing which their accounts would be suspended.

The Anatomy of the Scam

However, Schwartz clarified that these messages are fraudulent. In his recent X post, Schwartz cited, “If you receive a DM anything like this, it is fake.” He explained that the link included in the message redirects to a phishing site designed to harvest users’ login credentials and personal information.

Historical Context of Phishing Scams in Crypto

This isn’t the first time Ripple executives have had to fend off scams. Ripple CEO Brad Garlinghouse was previously targeted by scammers using deepfake technology to create videos that falsely showed him promoting a cryptocurrency doubling scheme.

Ripple and Its Ongoing Battle Against Misinformation

Schwartz, who has often had to dismiss rumors falsely identifying him as Satoshi Nakamoto, the mysterious creator of Bitcoin, uses these instances to educate the public on the risks associated with digital communication and cryptocurrency dealings. His efforts underscore the broader challenges facing public figures in the tech and crypto industries, maintaining privacy and integrity amidst the chaos of online misinformation.

Ripple CEO Brad Garlinghouse Optimistic About Future of XRP ETF

The Ripple team has some key tips to keep in mind, including verifying the authenticity of any communication received on social media, refraining from clicking on unsolicited links, and reporting any suspicious activities to the platform’s support team.

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