On X, formerly known as Twitter, a new sort of fraud has started to proliferate. These identities pretend to be David Schwartz, one of the creators of XRPL, the current CTO at Ripple, and a very well-liked community member.
The fraudulent technique is actually nothing new, with phoney accounts flooding social media with a barrage of tweets promising to give away hundreds of millions of XRP by clicking on a “magic” link. But in the past, con artists have utilised Brad Garlinghouse, CEO of Ripple, as a ruse. They now appear to have changed to Schwartz.
A knowledgeable user of Crypto Twitter and an established member of the XRP community are probably unlikely to fall for such a simple hoax. However, XRP has been the most talked-about item in the sector over the past two weeks and is undoubtedly luring in novice and less experienced investors who can’t help but come in to see what the 100 million XRP giveaway is all about.
Failed war on bots
In general, fraud bots have been an issue on Twitter and, more recently, X for a while, and Elon Musk’s battle on them from when he initially took control of the social network appears to have failed.
For instance, after July 13, the issue with bots targeting the same XRP group grew to the point that notable users like John Deaton had to openly ask Musk for assistance. But nothing has changed even a little bit.
