A new XRP scam is doing the rounds after scammers took control of the official Twitter account of PricewaterhouseCoopers [PwC] Venezuela.
The illegal advert featured Ripple CEO Brad Garlinghouse’s image with the tagline “Big Event Hurry up!” along with a link that tricked potential victims into sending their crypto. The tweet has since been removed from the official handle.
Tricksters often utilize social media sites such as Twitter, to reach their victims by promoting fake giveaways or sharing phishing links that can steal user information or even drain their cryptocurrency hot wallet.
Twitter however on its part, has sought to allay any such fears before they arise.
“Like any new feature, we’re intentionally testing Edit Tweet with a smaller group to help us incorporate feedback while identifying and resolving potential issues,” said Twitter in a blog. “This includes how people might misuse the feature. You can never be too careful.”
An edit tweet button was several of the features Elon Musk teased through an online poll during his Twitter takeover bid in April.
But midway through the deal Musk reviewed his position and did a U-turn on the $44 billion bid. The tech billionaire accused Twitter of being dishonest on the number of bots and fake users on the platform, a charge which the social media giant disagreed.
Twitter Scams Are Getting More Sophisticated
Twitter then threatened Musk with litigation and the two parties are now headed for a final showdown in court. As of now, it seems that the social blogging site has no plans to create an “Edit Takeover” button.
Recently a cybersecurity analyst Serpent has pointed out some of the most outrageous crypto and non-fungible [NFT] scams that are having a field day on Twitter.
The expert, who has over 250k followers on Twitter, is the founder of artificial intelligence and community-powered crypto threat mitigation system, Sentinel, TronWeekly reported.
In a 19-part thread posted on Aug. 21, Serpent spoke on how scammers target gullible crypto users through the use of copycat websites, URLs, accounts, hacked verified accounts, fake projects, fake airdrops, and plenty of malware.