Ripple CEO Complains About Scam Accounts on Social Media

Brad Garlinghouse, chief executive officer at blockchain company Ripple, recently complained about the influx of cryptocurrency scam bots in a recent Twitter thread.

The cryptocurrency boss says that he cannot believe that he still has to report his impersonators.

The Ripple boss has noted that Twitter accounts are replying to tons of tweets with his image.

U.Today has been covering recent cases of verified Twitter accounts being compromised in order to promote fake XRP giveaways that are meant to part the holders of the token with their money.

On Sunday, the official Twitter account of famous Spanish vocalist Bertín Osborne was hijacked to impersonate Garlinghouse. It took hours for the social media platform to restore Osbrone’s account after it was busy spamming messages about the giveaway in the replies of various popular cryptocurrency personalities.

Official government accounts are also not safe from scammers. In early September, the Twitter account of Oman’s Indian embassy was also hacked in order to promote an XRP scam.

Within the same month, the official Twitter account of the CoinDCX account was compromised in a similar way.

In his tweet, Garlinghouse has noted that other popular cryptocurrency personalities have also suffered from bots, with Ethereum co-founder Vitalik Buterin and Binance CEO Changpeng Zhao being among the most important targets of impersonators.

Garlinghouse claims that “thousands” are being taken advantage of by scammers on social media.

Ripple took video hosting giant YouTube to court over its inability to delete fraudulent videos with Garlinghouse, but it then ended up settling the lawsuit.

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Written by Alex Dovbnya on 2031-10-21 09:38:07.

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